OneSpan Inc. (NASDAQ:OSPN) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 27.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 472,194 shares of the company's stock after selling 180,317 shares during the period. Nuveen Asset Management LLC owned 1.24% of OneSpan worth $8,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Millennium Management LLC lifted its stake in shares of OneSpan by 147.5% during the fourth quarter. Millennium Management LLC now owns 56,911 shares of the company's stock valued at $1,055,000 after buying an additional 33,913 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of OneSpan by 27.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,164,294 shares of the company's stock valued at $40,129,000 after purchasing an additional 469,628 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of OneSpan by 49.9% in the 4th quarter. Lazard Asset Management LLC now owns 38,355 shares of the company's stock valued at $710,000 after purchasing an additional 12,767 shares during the last quarter. Graham Capital Management L.P. acquired a new position in shares of OneSpan in the 4th quarter valued at $442,000. Finally, Deutsche Bank AG boosted its holdings in shares of OneSpan by 38.1% in the 4th quarter. Deutsche Bank AG now owns 39,853 shares of the company's stock valued at $739,000 after purchasing an additional 10,988 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company's stock.

OneSpan Trading Up 0.8%

Shares of OSPN traded up $0.12 during mid-day trading on Friday, reaching $15.99. The company had a trading volume of 402,148 shares, compared to its average volume of 398,018. The stock has a market cap of $611.30 million, a price-to-earnings ratio of 21.61 and a beta of 1.21. The firm has a fifty day simple moving average of $15.22 and a 200-day simple moving average of $17.12. OneSpan Inc. has a fifty-two week low of $12.28 and a fifty-two week high of $20.37.

OneSpan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 3.00%. OneSpan's payout ratio is 32.65%.

Analysts Set New Price Targets

A number of brokerages have weighed in on OSPN. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price target on shares of OneSpan in a report on Friday, May 2nd. Wall Street Zen lowered shares of OneSpan from a "strong-buy" rating to a "buy" rating in a 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.