Legato Capital Management LLC Has $1.24 Million Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Legato Capital Management LLC trimmed its holdings in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 23.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,886 shares of the company's stock after selling 20,045 shares during the period. Legato Capital Management LLC owned approximately 0.18% of OneSpan worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. R Squared Ltd acquired a new position in OneSpan in the 4th quarter worth about $37,000. Covestor Ltd bought a new stake in OneSpan during the 3rd quarter valued at approximately $65,000. Allspring Global Investments Holdings LLC bought a new stake in OneSpan during the 3rd quarter valued at approximately $158,000. Intech Investment Management LLC acquired a new stake in shares of OneSpan during the 3rd quarter worth approximately $173,000. Finally, CWM LLC grew its holdings in shares of OneSpan by 68.2% during the 3rd quarter. CWM LLC now owns 10,499 shares of the company's stock worth $175,000 after purchasing an additional 4,258 shares in the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

OneSpan Stock Down 0.1 %

Shares of OneSpan stock traded down $0.03 during trading on Friday, reaching $20.20. 434,129 shares of the company were exchanged, compared to its average volume of 374,122. OneSpan Inc. has a twelve month low of $9.22 and a twelve month high of $20.37. The business has a 50-day moving average price of $18.95 and a 200-day moving average price of $17.06. The firm has a market capitalization of $767.40 million, a price-to-earnings ratio of 27.30 and a beta of 0.77.

OneSpan Dividend Announcement

The business also recently disclosed a -- dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, January 31st. OneSpan's dividend payout ratio (DPR) is presently 64.86%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at OneSpan

In related news, Director Michael J. Mcconnell sold 53,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.51, for a total transaction of $981,030.00. Following the sale, the director now owns 20,849 shares in the company, valued at approximately $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company's stock.

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.