Millennium Management LLC Grows Stake in OneSpan Inc. (NASDAQ:OSPN)

Millennium Management LLC boosted its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 147.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 56,911 shares of the company's stock after acquiring an additional 33,913 shares during the period. Millennium Management LLC owned 0.15% of OneSpan worth $1,055,000 as of its most recent SEC filing.

Other institutional 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 4th quarter valued at about $44,699,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in OneSpan by 27.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company's stock worth $40,129,000 after acquiring an additional 469,628 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of OneSpan by 28.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,764,292 shares of the company's stock worth $32,710,000 after purchasing an additional 395,222 shares in the last quarter. LSV Asset Management purchased a new position in shares of OneSpan during the 4th quarter valued at about $4,760,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in OneSpan by 37.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 807,007 shares of the company's stock worth $14,962,000 after buying an additional 219,813 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company's stock.

OneSpan Stock Up 0.1%

Shares of NASDAQ OSPN traded up $0.02 on Monday, reaching $16.75. 342,536 shares of the company's stock traded hands, compared to its average volume of 396,373. The business's 50 day simple moving average is $15.27 and its two-hundred day simple moving average is $17.08. OneSpan Inc. has a 12 month low of $12.28 and a 12 month high of $20.37. The company has a market cap of $640.35 million, a price-to-earnings ratio of 22.64 and a beta of 1.17.

OneSpan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.12 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.48 annualized dividend and a yield of 2.87%. OneSpan's dividend payout ratio (DPR) is presently 32.65%.

Analysts Set New Price Targets

Several equities analysts recently commented on OSPN shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $20.00 target price on shares of OneSpan in a report on Friday, May 2nd. Wall Street Zen cut shares of OneSpan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

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.