Cubist Systematic Strategies LLC Has $955,000 Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Cubist Systematic Strategies LLC lessened its holdings in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 35.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,490 shares of the company's stock after selling 41,764 shares during the period. Cubist Systematic Strategies LLC owned 0.20% of OneSpan worth $955,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in OneSpan by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company's stock valued at $32,499,000 after buying an additional 219,907 shares during the last quarter. Marshall Wace LLP increased its stake in shares of OneSpan by 30.1% in the second quarter. Marshall Wace LLP now owns 326,208 shares of the company's stock worth $4,182,000 after purchasing an additional 75,381 shares during the period. Acadian Asset Management LLC increased its stake in shares of OneSpan by 1,038.5% in the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company's stock worth $4,154,000 after purchasing an additional 295,739 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of OneSpan during the 1st quarter worth about $2,997,000. Finally, Russell Investments Group Ltd. boosted its stake in OneSpan by 9.8% during the 1st quarter. Russell Investments Group Ltd. now owns 222,959 shares of the company's stock valued at $2,593,000 after purchasing an additional 19,828 shares during the period. Institutional investors and hedge funds own 95.52% of the company's stock.

OneSpan Price Performance

Shares of NASDAQ OSPN traded down $0.11 during mid-day trading on Thursday, hitting $14.68. The company had a trading volume of 269,913 shares, compared to its average volume of 409,355. OneSpan Inc. has a 12 month low of $7.64 and a 12 month high of $16.68. The firm has a market cap of $555.58 million, a P/E ratio of -81.56 and a beta of 0.77. The business's 50-day simple moving average is $15.43 and its 200-day simple moving average is $13.30.

OneSpan (NASDAQ:OSPN - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.08. OneSpan had a return on equity of 18.69% and a net margin of 6.60%. The business had revenue of $60.92 million for the quarter. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. As a group, sell-side analysts predict that OneSpan Inc. will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities assumed coverage on OneSpan in a report on Friday, September 6th. They set a "buy" rating and a $20.00 price target for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.38.

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.