25,098 Shares in On Holding AG $ONON Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in On Holding AG (NYSE:ONON) in the 4th quarter, Holdings Channel reports. The fund bought 25,098 shares of the company’s stock, valued at approximately $1,167,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sands Capital Management LLC increased its holdings in ON by 46.7% in the 3rd quarter. Sands Capital Management LLC now owns 6,769,430 shares of the company’s stock worth $286,685,000 after acquiring an additional 2,155,083 shares in the last quarter. Bamco Inc. NY increased its holdings in ON by 14.7% in the 3rd quarter. Bamco Inc. NY now owns 4,746,553 shares of the company’s stock worth $201,017,000 after acquiring an additional 606,579 shares in the last quarter. American Century Companies Inc. grew its holdings in ON by 9.9% during the 3rd quarter. American Century Companies Inc. now owns 4,058,475 shares of the company’s stock valued at $171,876,000 after buying an additional 365,907 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in ON by 44.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,318,415 shares of the company’s stock valued at $138,865,000 after buying an additional 1,026,804 shares in the last quarter. Finally, FengHe Fund Management Pte. Ltd. purchased a new stake in ON during the 4th quarter valued at approximately $142,425,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ON

In other ON news, insider Olivier Bernhard bought 60,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $36.63 per share, with a total value of $2,197,800.00. Following the completion of the acquisition, the insider owned 5,163,184 shares in the company, valued at $189,127,429.92. This trade represents a 1.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martin Hoffmann sold 4,150 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $35.84, for a total transaction of $148,736.00. Following the completion of the transaction, the chief executive officer directly owned 1,385,099 shares of the company’s stock, valued at approximately $49,641,948.16. This trade represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders bought 180,000 shares of company stock valued at $6,594,000 and sold 20,750 shares valued at $745,838. 68.57% of the stock is owned by corporate insiders.

ON Trading Up 1.4%

ONON stock opened at $39.73 on Friday. The firm has a fifty day moving average price of $35.95 and a 200 day moving average price of $41.76. On Holding AG has a fifty-two week low of $31.41 and a fifty-two week high of $61.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.39 and a current ratio of 2.98. The firm has a market cap of $25.35 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 0.80 and a beta of 2.09.

Analyst Ratings Changes

ONON has been the subject of a number of research analyst reports. Raymond James Financial raised shares of ON from an “outperform” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a report on Thursday, April 23rd. Zacks Research lowered shares of ON from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Guggenheim reaffirmed a “buy” rating and set a $51.00 price objective on shares of ON in a report on Wednesday, May 13th. Needham & Company LLC cut their price objective on shares of ON from $52.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Stifel Nicolaus set a $58.00 price objective on shares of ON in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ON currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.05.

ON Company Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.