OneSpan Inc. (NASDAQ:OSPN) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC grew its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 242.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,259 shares of the company's stock after acquiring an additional 226,604 shares during the period. AQR Capital Management LLC owned about 0.85% of OneSpan worth $4,106,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in OneSpan by 1,038.5% in the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company's stock valued at $4,154,000 after acquiring an additional 295,739 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in OneSpan in the first quarter valued at approximately $2,997,000. Vanguard Group Inc. raised its holdings in OneSpan by 8.5% during the first quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company's stock worth $32,499,000 after buying an additional 219,907 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of OneSpan in the first quarter worth approximately $2,553,000. Finally, Assenagon Asset Management S.A. lifted its stake in OneSpan by 293.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 158,326 shares of the company's stock valued at $2,030,000 after acquiring an additional 118,061 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company's stock.

Analyst Ratings Changes

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

OneSpan Trading Up 1.0 %

OSPN stock traded up $0.15 during trading on Friday, reaching $14.83. The stock had a trading volume of 248,458 shares, compared to its average volume of 408,517. OneSpan Inc. has a 52 week low of $7.64 and a 52 week high of $16.68. The stock's 50 day moving average is $15.44 and its two-hundred day moving average is $13.38. The firm has a market cap of $561.26 million, a PE ratio of -82.39 and a beta of 0.76.

OneSpan (NASDAQ:OSPN - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.08. The company had revenue of $60.92 million for 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 firm posted ($0.27) EPS. On average, research analysts anticipate that OneSpan Inc. will post 0.94 EPS for the current year.

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.