Polen Capital Management LLC decreased its position in shares of On Holding AG (NYSE:ONON – Free Report) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 278,383 shares of the company’s stock after selling 17,135 shares during the quarter. Polen Capital Management LLC’s holdings in ON were worth $15,247,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in ON in the fourth quarter valued at about $28,575,000. Cerity Partners LLC lifted its position in ON by 189.9% in the third quarter. Cerity Partners LLC now owns 719,493 shares of the company’s stock valued at $36,083,000 after buying an additional 471,323 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in ON by 338.3% in the third quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company’s stock valued at $29,834,000 after buying an additional 459,157 shares during the last quarter. Jennison Associates LLC lifted its position in shares of ON by 27.4% during the fourth quarter. Jennison Associates LLC now owns 2,049,644 shares of the company’s stock worth $112,259,000 after purchasing an additional 440,685 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of ON by 34.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company’s stock worth $76,213,000 after purchasing an additional 349,789 shares in the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.
ON Trading Up 0.1 %
Shares of ONON opened at $46.41 on Monday. The firm has a market cap of $29.22 billion, a PE ratio of 107.93, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35. The company’s 50 day simple moving average is $53.94 and its 200-day simple moving average is $52.66. On Holding AG has a 12-month low of $29.84 and a 12-month high of $64.05.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on ONON
ON Company Profile
On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.
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