OneSpan Inc. (NASDAQ:OSPN) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC trimmed its stake in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,612 shares of the company's stock after selling 32,417 shares during the quarter. Essex Investment Management Co. LLC owned about 0.59% of OneSpan worth $4,146,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its position in OneSpan by 388.5% during the 3rd quarter. Barclays PLC now owns 66,719 shares of the company's stock worth $1,113,000 after purchasing an additional 53,060 shares during the period. 272 Capital LP acquired a new stake in OneSpan in the 3rd quarter valued at about $1,659,000. Charles Schwab Investment Management Inc. increased its holdings in OneSpan by 16.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company's stock valued at $5,554,000 after acquiring an additional 48,146 shares in the last quarter. Assenagon Asset Management S.A. raised its position in OneSpan by 46.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company's stock worth $9,181,000 after acquiring an additional 157,387 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of OneSpan by 177.5% in the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock valued at $18,450,000 after purchasing an additional 708,020 shares in the last quarter. Hedge funds and other institutional investors own 95.52% of the company's stock.

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Wall Street Analysts Forecast Growth

OSPN has been the subject of a number of recent research reports. StockNews.com cut shares of OneSpan from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Rosenblatt Securities raised their price target on OneSpan from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.63.

OneSpan Stock Down 1.3 %

Shares of NASDAQ:OSPN traded down $0.21 during trading on Tuesday, reaching $15.91. The stock had a trading volume of 411,968 shares, compared to its average volume of 396,939. The stock has a market cap of $607.38 million, a P/E ratio of 21.50 and a beta of 0.83. The business has a fifty day moving average price of $18.55 and a 200-day moving average price of $17.30. OneSpan Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $20.37.

OneSpan Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.12 per share. The ex-dividend date was Friday, January 31st. OneSpan's dividend payout ratio is presently 33.10%.

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.