Assenagon Asset Management S.A. Acquires 118,061 Shares of OneSpan Inc. (NASDAQ:OSPN)

Assenagon Asset Management S.A. lifted its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 293.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,326 shares of the company's stock after acquiring an additional 118,061 shares during the period. Assenagon Asset Management S.A. owned approximately 0.42% of OneSpan worth $2,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of OSPN. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in OneSpan by 64.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,180 shares of the company's stock worth $56,000 after acquiring an additional 2,027 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of OneSpan by 16.3% in the 4th quarter. Russell Investments Group Ltd. now owns 203,131 shares of the company's stock valued at $2,178,000 after purchasing an additional 28,410 shares during the period. Victory Capital Management Inc. grew its position in shares of OneSpan by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 50,700 shares of the company's stock valued at $544,000 after purchasing an additional 3,000 shares during the period. Gladius Capital Management LP acquired a new stake in OneSpan during the 4th quarter worth approximately $95,000. Finally, BNP Paribas Financial Markets lifted its stake in OneSpan by 26.7% in the fourth quarter. BNP Paribas Financial Markets now owns 47,501 shares of the company's stock valued at $509,000 after buying an additional 10,003 shares in the last quarter. Institutional investors own 95.52% of the company's stock.

OneSpan Stock Down 1.2 %

OSPN traded down $0.19 during trading hours on Thursday, hitting $15.76. 250,603 shares of the company's stock were exchanged, compared to its average volume of 406,086. OneSpan Inc. has a 1-year low of $7.64 and a 1-year high of $15.99. The stock's 50-day moving average is $13.74 and its two-hundred day moving average is $12.09. The stock has a market cap of $596.45 million, a price-to-earnings ratio of -87.56 and a beta of 0.77.

OneSpan (NASDAQ:OSPN - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.08. The company had revenue of $60.92 million during the quarter. OneSpan had a net margin of 6.60% and a return on equity of 18.69%. During the same quarter in the prior year, the company earned ($0.27) earnings per share. On average, equities research analysts anticipate that OneSpan Inc. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OSPN. DA Davidson increased their price objective on shares of OneSpan from $12.00 to $12.50 and gave the stock a "neutral" rating in a research report on Friday, May 3rd. Craig Hallum lifted their price target on OneSpan from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, May 3rd. Finally, StockNews.com raised OneSpan from a "hold" rating to a "buy" rating in a research report on Monday, May 6th.

OneSpan 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.