The Manufacturers Life Insurance Company increased its stake in Axon Enterprise, Inc. by 8,432.6% during the second quarter. A recent SEC filing confirms the firm acquired an additional 3,496,493 shares.
The insurance company now holds 3,537,957 total shares. This position represents approximately 4.35% of Axon Enterprise.
The investment reached a market value of nearly $1.98 billion by the end of the quarter. Institutional investors and hedge funds currently own a significant portion of the company's stock.