Vanguard Fiduciary Trust Adds $254M in Axon Enterprise, Inc. ($AXON)
Vanguard Fiduciary Trust has taken a new stake in Axon Enterprise, Inc. with 452,430 shares.
Key Points
- Vanguard Fiduciary Trust opened a new position in Axon Enterprise, Inc. (AXON) with 452,430 shares valued at $253.6 million.
- Axon Enterprise, Inc. has a market cap of $45.2 billion and a P/E ratio of 226.97, with shares trading near $560.61 on Wednesday.
- Notable institutional activity includes Vanguard Capital Management LLC opening a new position with 5,043,125 shares.
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Vanguard Fiduciary Trust recently opened a new position in Axon Enterprise, Inc. (NasdaqGS: AXON), acquiring 452,430 shares. This investment is valued at approximately $253.6 million, according to its latest Form 13F filing with the SEC for the period ending May 8, 2026.
Vanguard Fiduciary Trust vs. the S&P 500
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What Changed in Vanguard Fiduciary Trust's Axon Enterprise Position
Vanguard Fiduciary Trust initiated a brand-new stake in Axon Enterprise, Inc., purchasing 452,430 shares. This move marks their entry into the company, with the shares valued at roughly $253.6 million. As this is a new position, there is no prior share count or percentage change to report.
Other Institutional Activity in Axon Enterprise
In recent institutional activity, BlackRock, Inc. trimmed its holdings by 251,151 shares, leaving it with 7,989,186 shares valued at about $3.39 billion, a 3.0% decrease. Meanwhile, Vanguard Capital Management LLC opened a new position with 5,043,125 shares, valued at $2.14 billion. State Street Corp added 131,605 shares, bringing its total to 3,681,962 shares worth $1.56 billion, marking a 3.7% increase. Baillie Gifford & Co increased its stake by 817,149 shares to a total of 2,459,727 shares, valued at approximately $1.04 billion, reflecting a 49.7% increase.
Axon Enterprise, Inc. Stock Down 6.7%
Shares of Axon Enterprise, Inc. (NasdaqGS: AXON) traded near $560.61 on Wednesday. The company boasts a market cap of $45.2 billion and a P/E ratio of 226.97, indicating robust investor expectations. Its forward P/E is 53.02, and it has a beta of 1.422, suggesting moderate volatility. The stock's 52-week range is between $339.01 and $885.92, with a 50-day moving average of $422.72 and a 200-day moving average of $536.07. Axon maintains a current ratio of 2.271 and a quick ratio of 1.699, with a debt-to-equity ratio of 52.074.
$AXON stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Axon Enterprise reported revenue of $2.98 billion, reflecting a growth of 33.7%. The company's earnings per share (EPS) stood at $2.47, with a net margin of 6.9% and a return on equity (ROE) of 6.8%. The next earnings report is scheduled for August 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target cuts vs 1 raises.
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EPS & revenue
EPS missed estimates by 1.3%. Revenue beat estimates by 1.7%.
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Profit surprise
EBITDA missed by 65 percent. Operating income missed by 69 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 target raise, 4 target cuts.
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Earnings quality
Gross margin down 1.5 points. Operating margin up 5.7 points. Positive free cash flow.
Earnings Call Summary
The quarter was the strongest ever for first quarter results, with revenue up 34 percent year over year to 807 million dollars. AI Era Plan bookings jumped 140 percent and Dedrone counter-drone business exploded up 500 percent, driven by demand across law enforcement, enterprise, and international markets. Management says they are at an inflection point where AI and connected devices are becoming essential infrastructure that customers want to deploy immediately, with nearly all large police agencies now including AI in their technology plans.
Guidance Axon expects full year revenue growth of 30 to 32 percent and raised that guidance from prior expectations. The company plans to spend about 450 million dollars on free cash flow this year and maintain 25.5 percent adjusted EBITDA margins. Management says AI adoption and counter-drone demand are accelerating faster than planned.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Insider Buying and Selling at Axon Enterprise, Inc.
Recent insider transactions at Axon Enterprise include CEO Patrick Smith selling 10,000 shares on June 29, 2026, at $500 per share under a planned sale. On June 5, 2026, President Joshua Isner sold 13,000 shares at an average price of $488.45. Earlier, on June 4, 2026, Patrick Smith also sold 20,000 shares at $500 each, and Chief Revenue Officer Cameron Brooks sold 1,242 shares at the same price, both under planned sales.
Analysts Set New Price Targets
On June 25, 2026, Citizens reiterated its buy rating on Axon Enterprise with a $700 price target. Barclays maintained its buy rating with a $523 target on May 8, 2026. UBS and JP Morgan both maintained their ratings on May 7, 2026, with UBS holding a target of $440 and JP Morgan setting a $755 target. The consensus among 18 analysts is a buy rating, with a mean price target of $662.04.
About Axon Enterprise
Axon Enterprise, Inc. offers public safety technology solutions, operating in the Aerospace & Defense industry. Known for its TASER brand, Axon provides software and connected devices for law enforcement and public safety organizations. The company, headquartered in Scottsdale, Arizona, is led by CEO Patrick W. Smith and employs about 5,100 people.
Bottom Line
Vanguard Fiduciary Trust's new stake in Axon Enterprise highlights interest in the company's growth potential. Investors track these filings to gauge institutional confidence, though it's important to remember 13F filings reflect past positions and may not indicate current ones. Axon's strong market presence and innovative solutions continue to attract attention.
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