On Holding AG (NYSE:ONON) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its position in shares of On Holding AG (NYSE:ONON - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,008,172 shares of the company's stock after selling 189,248 shares during the period. Janus Henderson Group PLC owned about 0.16% of ON worth $55,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of ONON. Strategic Financial Concepts LLC purchased a new position in ON during the 4th quarter valued at about $30,000. Legacy Bridge LLC purchased a new position in shares of ON in the fourth quarter valued at approximately $43,000. Bernard Wealth Management Corp. purchased a new position in shares of ON in the fourth quarter valued at approximately $44,000. Arcadia Investment Management Corp MI acquired a new position in shares of ON in the fourth quarter valued at approximately $53,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in ON during the 4th quarter worth approximately $65,000. 36.39% of the stock is owned by institutional investors and hedge funds.

ON Price Performance

Shares of NYSE:ONON traded up $0.18 on Monday, reaching $60.08. The company's stock had a trading volume of 1,423,275 shares, compared to its average volume of 4,614,481. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The stock has a market capitalization of $37.83 billion, a P/E ratio of 139.52, a PEG ratio of 1.02 and a beta of 2.30. The stock's 50-day moving average is $46.16 and its two-hundred day moving average is $51.75.

Wall Street Analyst Weigh In

Several equities analysts have commented on ONON shares. Stifel Nicolaus raised their price target on shares of ON from $57.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Cowen reiterated a "buy" rating on shares of ON in a report on Wednesday. Jefferies Financial Group started coverage on ON in a report on Tuesday, April 1st. They set a "hold" rating and a $44.00 price target on the stock. HSBC raised ON from a "hold" rating to a "buy" rating and set a $58.00 price target on the stock in a research report on Tuesday, March 11th. Finally, Williams Trading upped their target price on shares of ON from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, ON has an average rating of "Buy" and an average target price of $62.45.

About ON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.