Vanguard Group Inc. lifted its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,526,988 shares of the company's stock after acquiring an additional 38,362 shares during the quarter. Vanguard Group Inc. owned 9.28% of OneSpan worth $65,390,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of OneSpan in the fourth quarter worth approximately $44,699,000. JPMorgan Chase & Co. increased its stake in OneSpan by 177.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock worth $18,450,000 after buying an additional 708,020 shares during the period. Assenagon Asset Management S.A. lifted its holdings in OneSpan by 46.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company's stock valued at $9,181,000 after buying an additional 157,387 shares in the last quarter. 272 Capital LP purchased a new stake in OneSpan in the 3rd quarter valued at about $1,659,000. Finally, Alberta Investment Management Corp bought a new position in OneSpan in the 4th quarter worth about $984,000. 95.52% of the stock is owned by hedge funds and other institutional investors.
OneSpan Stock Performance
NASDAQ:OSPN traded down $0.03 during trading hours on Wednesday, reaching $14.50. The company's stock had a trading volume of 16,948 shares, compared to its average volume of 402,829. The company has a market capitalization of $553.55 million, a P/E ratio of 19.57 and a beta of 1.03. The stock has a 50 day moving average price of $16.40 and a two-hundred day moving average price of $17.18. OneSpan Inc. has a 12 month low of $9.68 and a 12 month high of $20.37.
Analysts Set New Price Targets
Separately, StockNews.com lowered OneSpan from a "buy" rating to a "hold" rating in a report on Friday, March 28th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.63.
Check Out Our Latest Analysis on OneSpan
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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