OneSpan Inc. (NASDAQ:OSPN) Stock Position Raised by Prudential Financial Inc.

Prudential Financial Inc. increased its holdings in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 814.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,048 shares of the company's stock after buying an additional 187,970 shares during the quarter. Prudential Financial Inc. owned about 0.56% of OneSpan worth $3,913,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of OneSpan in the fourth quarter worth $37,000. New York State Teachers Retirement System bought a new position in OneSpan in the 4th quarter valued at about $64,000. Steward Partners Investment Advisory LLC bought a new position in OneSpan in the 4th quarter valued at about $109,000. KLP Kapitalforvaltning AS acquired a new position in OneSpan during the 4th quarter valued at about $152,000. Finally, Intech Investment Management LLC bought a new stake in shares of OneSpan during the 3rd quarter worth about $173,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

OneSpan Stock Performance

Shares of NASDAQ:OSPN traded down $0.94 during trading hours on Thursday, hitting $14.61. 287,235 shares of the company's stock traded hands, compared to its average volume of 400,493. The company's fifty day simple moving average is $17.40 and its two-hundred day simple moving average is $17.31. OneSpan Inc. has a 52 week low of $9.68 and a 52 week high of $20.37. The company has a market cap of $557.75 million, a price-to-earnings ratio of 19.74 and a beta of 1.03.

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Wall Street Analyst Weigh In

Several research analysts have recently issued reports on OSPN shares. StockNews.com cut shares of OneSpan from a "buy" rating to a "hold" rating in a report on Friday, March 28th. Rosenblatt Securities increased their price target on OneSpan from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $17.63.

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.