Robeco Institutional Asset Management B.V. increased its stock holdings in
Axon Enterprise Inc.
Morgan Stanley,
Eagle Materials and IYR are additional final trades along with Axon. On the other hand,
Conestoga Small Cap Strategy exited their position in Axon in Quarter 1 (Q1). Axon's investors received a massive
335% return over the last five years, earning the shareholders significant wealth. However, the stock recently dipped, causing a slight worry among investors. Q1 2024 results surpassed the forecasted
EPS and revenue, boosting confidence. Not all are positive, with
Amalgamated Bank and
Teacher Retirement System of Texas cutting their shares. Axon's 2023 revenue grew by
31% to $1.56 billion. Notably,
Norges Bank and
Principal Financial Group Inc. purchased significant shares of Axon, showing institutional interest. Axon is expanding its product portfolio by introducing new products like
Axon Body Workforce and advancing real-time operations solution by acquiring Fusus. With the products' strong demand, Axon's growth vision includes drones, hinting at Axon's strategic move towards expanding into new markets.
Axon Enterprise AXON News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Sun, 26 May 2024 10:23:29 GMT -
Rating 6
- Innovation 8
- Information 8
- Rumor -6
