Charles Schwab Investment Management Inc. lifted its position in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 16.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,174 shares of the company's stock after purchasing an additional 48,146 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.88% of OneSpan worth $5,554,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Essex Investment Management Co. LLC grew its holdings in OneSpan by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 256,029 shares of the company's stock worth $4,268,000 after buying an additional 681 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of OneSpan by 6.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company's stock worth $231,000 after acquiring an additional 884 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of OneSpan by 2.5% in the second quarter. Victory Capital Management Inc. now owns 58,400 shares of the company's stock valued at $749,000 after purchasing an additional 1,400 shares during the last quarter. Quarry LP lifted its position in shares of OneSpan by 860.4% during the second quarter. Quarry LP now owns 2,161 shares of the company's stock valued at $28,000 after purchasing an additional 1,936 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in OneSpan by 42.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,395 shares of the company's stock worth $95,000 after purchasing an additional 2,215 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.
OneSpan Stock Performance
OSPN stock traded down $1.07 during trading on Friday, hitting $18.06. 326,281 shares of the company traded hands, compared to its average volume of 402,996. The company has a 50-day moving average of $16.83 and a 200-day moving average of $15.20. The firm has a market capitalization of $686.10 million, a PE ratio of 24.41 and a beta of 0.77. OneSpan Inc. has a 1 year low of $9.22 and a 1 year high of $19.28.
Insider Activity at OneSpan
In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 20,849 shares in the company, valued at approximately $385,914.99. This represents a 71.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
OSPN has been the topic of several research analyst reports. StockNews.com raised OneSpan from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 4th. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price target on shares of OneSpan in a report on Monday, October 28th. Finally, Sidoti upgraded shares of OneSpan from a "neutral" rating to a "buy" rating and increased their price target for the company from $14.00 to $19.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $17.13.
View Our Latest Stock Report on OneSpan
OneSpan Company Profile
(
Free Report)
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.
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