Martingale Asset Management L P lifted its holdings in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 102.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 112,950 shares of the company's stock after purchasing an additional 57,256 shares during the quarter. Martingale Asset Management L P owned about 0.30% of OneSpan worth $2,094,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in OSPN. Charles Schwab Investment Management Inc. lifted its stake in OneSpan by 16.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company's stock valued at $5,554,000 after purchasing an additional 48,146 shares during the last quarter. FMR LLC lifted its stake in OneSpan by 513.3% in the third quarter. FMR LLC now owns 17,805 shares of the company's stock valued at $297,000 after purchasing an additional 14,902 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of OneSpan during the 3rd quarter valued at approximately $236,000. State Street Corp increased its position in shares of OneSpan by 1.6% during the third quarter. State Street Corp now owns 1,641,855 shares of the company's stock valued at $27,370,000 after buying an additional 25,361 shares during the period. Finally, Barclays PLC grew its position in OneSpan by 388.5% during the third quarter. Barclays PLC now owns 66,719 shares of the company's stock worth $1,113,000 after buying an additional 53,060 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.
OneSpan Stock Performance
NASDAQ OSPN traded up $0.08 during trading on Wednesday, hitting $14.61. The stock had a trading volume of 52,138 shares, compared to its average volume of 402,964. OneSpan Inc. has a one year low of $9.68 and a one year high of $20.37. The stock has a 50 day simple moving average of $16.40 and a 200 day simple moving average of $17.18. The stock has a market capitalization of $557.75 million, a price-to-earnings ratio of 19.74 and a beta of 1.03.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded OneSpan from a "buy" rating to a "hold" rating in a report on Friday, March 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, OneSpan has an average rating of "Moderate Buy" and a consensus target price of $17.63.
Read Our Latest Stock Report on OneSpan
OneSpan Company Profile
(
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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