Aviva PLC Makes New $622,000 Investment in OneSpan Inc. (NASDAQ:OSPN)

Aviva PLC purchased a new position in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,529 shares of the company's stock, valued at approximately $622,000. Aviva PLC owned approximately 0.09% of OneSpan as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of OSPN. Wells Fargo & Company MN boosted its holdings in OneSpan by 183.8% during the 4th quarter. Wells Fargo & Company MN now owns 38,759 shares of the company's stock valued at $719,000 after acquiring an additional 25,104 shares during the period. Integrated Quantitative Investments LLC purchased a new stake in OneSpan during the 4th quarter worth approximately $383,000. Geode Capital Management LLC lifted its holdings in OneSpan by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 863,224 shares of the company's stock worth $16,008,000 after buying an additional 5,750 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of OneSpan by 275.0% in the fourth quarter. Alliancebernstein L.P. now owns 133,622 shares of the company's stock worth $2,477,000 after acquiring an additional 97,990 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of OneSpan by 37.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company's stock worth $14,962,000 after acquiring an additional 219,813 shares during the period. 95.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut OneSpan from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, OneSpan currently has an average rating of "Moderate Buy" and an average price target of $17.63.

OneSpan Price Performance

Shares of OneSpan stock traded up $0.06 during trading on Wednesday, hitting $14.59. 34,498 shares of the stock were exchanged, compared to its average volume of 402,907. The firm's 50-day moving average price is $16.40 and its 200 day moving average price is $17.18. The stock has a market cap of $556.80 million, a price-to-earnings ratio of 19.87 and a beta of 1.03. OneSpan Inc. has a 12-month low of $9.68 and a 12-month high of $20.37.

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.