Prudential Financial Inc. raised its position in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 814.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 211,048 shares of the company's stock after purchasing an additional 187,970 shares during the quarter. Prudential Financial Inc. owned 0.56% of OneSpan worth $3,913,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of OSPN. R Squared Ltd bought a new stake in shares of OneSpan during the fourth quarter valued at approximately $37,000. New York State Teachers Retirement System purchased a new stake in OneSpan during the 4th quarter valued at $64,000. Steward Partners Investment Advisory LLC bought a new stake in shares of OneSpan in the 4th quarter worth $109,000. KLP Kapitalforvaltning AS purchased a new position in shares of OneSpan in the fourth quarter worth $152,000. Finally, Intech Investment Management LLC bought a new position in shares of OneSpan during the third quarter valued at $173,000. 95.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. StockNews.com lowered OneSpan from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Rosenblatt Securities boosted their price objective on shares of OneSpan from $18.00 to $22.00 and gave the company a "buy" rating in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.63.
Read Our Latest Stock Analysis on OneSpan
OneSpan Price Performance
OneSpan stock traded down $0.79 during mid-day trading on Friday, reaching $13.82. 442,947 shares of the stock traded hands, compared to its average volume of 402,035. The stock has a market capitalization of $527.59 million, a PE ratio of 18.68 and a beta of 1.03. The business's 50-day moving average is $17.29 and its 200-day moving average is $17.31. OneSpan Inc. has a 12-month low of $9.68 and a 12-month high of $20.37.
About OneSpan
(
Free Report)
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.
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