Assenagon Asset Management S.A. Raises Stake in OneSpan Inc. (NASDAQ:OSPN)

Assenagon Asset Management S.A. lifted its holdings in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 113.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 337,823 shares of the company's stock after buying an additional 179,497 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.89% of OneSpan worth $5,632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of OSPN. Acadian Asset Management LLC grew its stake in OneSpan by 1,038.5% in the 2nd quarter. Acadian Asset Management LLC now owns 324,217 shares of the company's stock worth $4,154,000 after acquiring an additional 295,739 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of OneSpan by 242.0% in the second quarter. AQR Capital Management LLC now owns 320,259 shares of the company's stock valued at $4,106,000 after acquiring an additional 226,604 shares in the last quarter. Vanguard Group Inc. grew its holdings in OneSpan by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company's stock worth $32,499,000 after acquiring an additional 219,907 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of OneSpan in the 1st quarter worth approximately $2,553,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of OneSpan during the first quarter valued at approximately $1,125,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 target price on shares of OneSpan in a research report on Monday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.38.

OneSpan Stock Performance

NASDAQ:OSPN traded down $0.35 during midday trading on Wednesday, reaching $14.56. 312,056 shares of the stock traded hands, compared to its average volume of 394,479. The business has a 50-day moving average of $15.50 and a two-hundred day moving average of $13.84. OneSpan Inc. has a 12-month low of $7.72 and a 12-month high of $16.68. The stock has a market capitalization of $551.04 million, a PE ratio of -80.89 and a beta of 0.76.

OneSpan (NASDAQ:OSPN - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, topping 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 firm had revenue of $60.92 million during the quarter. During the same period in the previous year, the business earned ($0.27) EPS. Research analysts anticipate that OneSpan Inc. will post 0.94 earnings per share for the current year.

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.