JPMorgan Chase & Co. reduced its position in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 913,216 shares of the company's stock after selling 193,590 shares during the quarter. JPMorgan Chase & Co. owned about 2.40% of OneSpan worth $16,931,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in OneSpan by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock valued at $65,390,000 after purchasing an additional 38,362 shares in the last quarter. Raymond James Financial Inc. acquired a new position in OneSpan during the 4th quarter valued at about $44,699,000. State Street Corp increased its holdings in OneSpan by 1.6% during the 3rd quarter. State Street Corp now owns 1,641,855 shares of the company's stock worth $27,370,000 after purchasing an additional 25,361 shares in the last quarter. Geode Capital Management LLC grew its holdings in OneSpan by 1.7% during the third quarter. Geode Capital Management LLC now owns 857,474 shares of the company's stock worth $14,297,000 after buying an additional 14,086 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in OneSpan by 46.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company's stock valued at $9,181,000 after acquiring an additional 157,387 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.
OneSpan Stock Down 0.8 %
OSPN traded down $0.11 during trading hours on Thursday, hitting $14.35. The stock had a trading volume of 38,274 shares, compared to its average volume of 400,304. OneSpan Inc. has a 1 year low of $9.68 and a 1 year high of $20.36. The company's fifty day simple moving average is $16.31 and its 200 day simple moving average is $17.16. The stock has a market cap of $547.71 million, a PE ratio of 19.46 and a beta of 1.03.
Analyst Ratings Changes
Separately, StockNews.com cut OneSpan from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, OneSpan currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.63.
View Our Latest Analysis on OneSpan
OneSpan 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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