J. Safra Sarasin Holding 13F: Adds $14M to AXON Stake
Key Points
- The fund's investment in Axon is now valued at about $20.3 million, representing 0.86% of its total reported portfolio of $2.37 billion.
- J. Safra Sarasin Holding held 48,070 $AXON shares at quarter end, up 199.89% from the prior quarter.
- Axon shares recently traded at $424.89, which is about 0.5% above the closing price of $422.78 on the event date.
- Analysts have a positive outlook on Axon, with a consensus recommendation of 'buy' and a mean price target of $681.68.
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On October 26, 2026, J. Safra Sarasin Holding boosted its position in Axon Enterprise, Inc. (AXON) by 32,041 shares, increasing its total holdings to 48,070 shares. This move is part of the fund's latest Form 13F filing with the SEC, which reported a total value of approximately $20.3 million for this investment.
AXON
Axon Enterprise, Inc.
Where Axon Fits in J. Safra Sarasin's Portfolio
J. Safra Sarasin's stake in Axon now represents 0.86% of its total reported portfolio, which is valued at about $2.37 billion. The increase of 32,041 shares marks a 199.9% boost compared to its previous holdings of 16,029 shares.
Other Institutional Activity in Axon
Baillie Gifford & Co. increased its holdings in Axon by 599,697 shares, ending with 3,059,487 shares worth about $1.3 billion. This increase reflects a 24.4% change in their position as of June 30, 2026.
Axon Enterprise, Inc. Stock Up 1.1%
As of October 27, 2026, Axon shares traded around $424.89, which is slightly above the closing price of $422.78 on October 26. The stock is currently about 12% below its 50-day moving average of $482.59 and 12.2% below its 200-day average of $483.87. Additionally, it remains 44.4% below its 52-week high of $764.02, but is 25.3% above its 52-week low of $339.01.
Recent Earnings
For the trailing twelve months, Axon reported revenue of approximately $3.2 billion, with a net margin of 6.2% and an EPS of $2.41. The next earnings report is scheduled for November 5, 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.
Several insiders sold shares of Axon recently. Chief Technology Officer Jeffrey C. Kunins sold 9,605 shares on August 21, 2026, valued at about $6.02 million. President Joshua M. Isner sold 16,775 shares on August 31, 2026, totaling approximately $9.64 million. CEO Patrick W. Smith also sold 10,000 shares on September 8, 2026, worth about $5.09 million.
Analysts Set New Price Targets
On October 26, 2026, TD Cowen maintained a 'Buy' rating on Axon with a price target of $800. Earlier, firms like UBS and Morgan Stanley maintained their ratings with targets of $600 and $640, respectively. The consensus recommendation remains a 'buy' with a mean price target of $681.68 from 19 analysts.
About Axon Enterprise, Inc.
Axon Enterprise, Inc. provides technology solutions for public safety, including cloud-based software and connected devices. Its products help law enforcement capture and manage digital evidence. This position change by J. Safra Sarasin comes as Axon continues to expand its offerings in this growing sector.
Bottom Line
Investors should keep an eye on Axon's upcoming earnings report on November 5, 2026, as well as further filings from J. Safra Sarasin. The recent boost in shares highlights a significant commitment to the company amid a challenging trading environment.
Related Filing Alerts
Source: J. Safra Sarasin Holding's 13F filing on $AXON (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts