LSV Asset Management Acquires New Shares in OneSpan Inc. (NASDAQ:OSPN)

LSV Asset Management purchased a new stake in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 256,759 shares of the company's stock, valued at approximately $4,760,000. LSV Asset Management owned about 0.68% of OneSpan as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of OneSpan by 388.5% during the third quarter. Barclays PLC now owns 66,719 shares of the company's stock valued at $1,113,000 after buying an additional 53,060 shares during the last quarter. 272 Capital LP bought a new position in OneSpan during the 3rd quarter valued at $1,659,000. Assenagon Asset Management S.A. boosted its holdings in OneSpan by 46.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company's stock worth $9,181,000 after acquiring an additional 157,387 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of OneSpan by 177.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock worth $18,450,000 after acquiring an additional 708,020 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of OneSpan by 1.7% in the third quarter. Geode Capital Management LLC now owns 857,474 shares of the company's stock valued at $14,297,000 after purchasing an additional 14,086 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of OneSpan from a "buy" rating to a "hold" rating in a report on Friday, March 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, OneSpan presently has an average rating of "Moderate Buy" and a consensus target price of $17.63.

OneSpan Price Performance

Shares of OneSpan stock traded down $0.11 on Friday, reaching $14.35. 187,035 shares of the company traded hands, compared to its average volume of 404,887. The company has a 50 day moving average of $16.09 and a 200 day moving average of $17.14. OneSpan Inc. has a 52 week low of $9.68 and a 52 week high of $20.37. The firm has a market capitalization of $547.83 million, a PE ratio of 19.39 and a beta of 1.03.

OneSpan Company Profile

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.