Assenagon Asset Management S.A. Boosts Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Assenagon Asset Management S.A. increased its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 46.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 495,210 shares of the company's stock after purchasing an additional 157,387 shares during the period. Assenagon Asset Management S.A. owned approximately 1.30% of OneSpan worth $9,181,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Barclays PLC raised its holdings in OneSpan by 388.5% during the third quarter. Barclays PLC now owns 66,719 shares of the company's stock worth $1,113,000 after buying an additional 53,060 shares during the last quarter. 272 Capital LP acquired a new stake in shares of OneSpan in the 3rd quarter worth about $1,659,000. Charles Schwab Investment Management Inc. lifted its position in OneSpan by 16.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company's stock valued at $5,554,000 after acquiring an additional 48,146 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in OneSpan by 177.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock valued at $18,450,000 after purchasing an additional 708,020 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in OneSpan during the 2nd quarter valued at about $662,000. Institutional investors and hedge funds own 95.52% of the company's stock.

Insider Buying and Selling

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.51, for a total transaction of $981,030.00. Following the completion of the transaction, the director now directly owns 20,849 shares of the company's stock, valued at approximately $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by corporate insiders.

OneSpan Stock Down 0.7 %

OSPN stock traded down $0.14 during midday trading on Friday, hitting $18.93. The company's stock had a trading volume of 394,682 shares, compared to its average volume of 296,814. The stock has a market cap of $719.15 million, a price-to-earnings ratio of 25.58 and a beta of 0.77. The stock's 50-day moving average price is $18.36 and its 200 day moving average price is $16.22. OneSpan Inc. has a 1 year low of $9.22 and a 1 year high of $19.58.

OneSpan Announces Dividend

The business also recently declared a -- dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, January 31st.

Analyst Upgrades and Downgrades

OSPN has been the topic of a number of recent research reports. Rosenblatt Securities raised their target price on OneSpan from $18.00 to $22.00 and gave the company a "buy" rating in a report on Monday, December 16th. Sidoti raised shares of OneSpan from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. Finally, StockNews.com upgraded shares of OneSpan from a "buy" rating to a "strong-buy" rating in a report on Monday, November 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $17.63.

About OneSpan

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.