Zurcher Kantonalbank (Zurich Cantonalbank) 13F: Adds $1.6M to AXON Stake

Zurcher Kantonalbank has boosted its stake in Axon Enterprise, Inc. (NasdaqGS: AXON), according to its latest 13F filing with the SEC. The bank added 2,839 shares, increasing its holdings by 5.5% to a total of 54,563 shares. This position is valued at about $27.86 million as of the filing date on May 15, 2026.

What Changed in Zurcher Kantonalbank's Axon Enterprise Position

The Swiss bank increased its stake in Axon Enterprise by 5.5%, adding 2,839 shares to its portfolio. The bank now holds 54,563 shares of Axon, up from 51,724 shares previously. The value of this position is approximately $27.86 million.

Other Institutional Activity in Axon Enterprise

Several other institutional investors have also made moves with their Axon Enterprise holdings. BlackRock, Inc. reduced its position by 251,151 shares, now holding 7,989,186 shares valued at around $3.39 billion. Vanguard Capital Management LLC opened a new position with 5,043,125 shares, valued at about $2.14 billion. State Street Corp increased its stake by 131,605 shares, now holding 3,681,962 shares worth approximately $1.56 billion. Baillie Gifford & Co significantly boosted its holdings by 817,149 shares, a 49.7% increase, ending with 2,459,727 shares valued at $1.04 billion.

Axon Enterprise, Inc. Stock Up 37.3%

Shares of Axon Enterprise traded near $510.60 on Tuesday. The company has a market capitalization of approximately $37.47 billion and a P/E ratio of 189.0. Its stock has seen a 52-week low of $339.01 and a high of $885.92. The 50-day moving average is $420.37, while the 200-day moving average stands at $537.25. Axon Enterprise maintains a current ratio of 2.27 and a quick ratio of 1.70, with a debt-to-equity ratio of 52.07.

Recent Earnings

Axon Enterprise reported revenues of approximately $2.98 billion, reflecting a growth of 33.7%. The company achieved an EPS of $2.46, with a net margin of 6.9% and a return on equity of 6.77%. The next earnings report is scheduled for August 3, 2026.

Insider Buying and Selling at Axon Enterprise, Inc.

Recent insider activity at Axon Enterprise includes several key executives selling shares. On June 5, 2026, President Joshua Isner sold 13,000 shares at an average price of $488.45. CEO Patrick Smith sold 20,000 shares at $500 on June 4, under a pre-planned Rule 10b5-1 trading plan. Chief Revenue Officer Cameron Brooks also sold 1,242 shares at $500 on the same day under a 10b5-1 plan. Other transactions include Chief Human Officer Elizabeth Reid Coughlin, who sold 1,554 shares on June 4, and COO & CFO Brittany Bagley, who sold 5,969 shares on June 2.

Analysts Set New Price Targets

Analysts have updated their price targets for Axon Enterprise. On June 25, 2026, Citizens reiterated a 'buy' rating with a $700 target. Earlier, on May 8, Barclays maintained a 'buy' rating with a $523 target, while JP Morgan, on May 7, maintained a 'buy' rating with a $755 target. The consensus recommendation for Axon Enterprise is 'buy', with a mean target price of $662.04 from 18 analyst opinions.

About Axon Enterprise

Axon Enterprise, Inc., headquartered in Scottsdale, Arizona, provides public safety technology solutions worldwide. It operates through two main segments: Software and Services, which focuses on cloud-based solutions for managing digital evidence, and Connected Devices, offering hardware like TASER devices and body cameras. Led by CEO Patrick W. Smith, Axon serves various government and commercial clients, employing around 5,100 people globally.

Bottom Line

Zurcher Kantonalbank's decision to increase its stake in Axon Enterprise reflects a growing confidence in the company's potential. Axon's innovative public safety technologies continue to attract institutional interest, as evidenced by the varied movements among major investors. While the 13F filing provides a snapshot of past holdings, investors should consider current market conditions and Axon's ongoing business developments.