Arrowstreet Capital Limited Partnership grew its stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 37.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 807,007 shares of the company's stock after acquiring an additional 219,813 shares during the period. Arrowstreet Capital Limited Partnership owned about 2.12% of OneSpan worth $14,962,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the stock. WINTON GROUP Ltd acquired a new stake in shares of OneSpan in the fourth quarter valued at $240,000. Prudential Financial Inc. increased its stake in OneSpan by 814.5% during the fourth quarter. Prudential Financial Inc. now owns 211,048 shares of the company's stock worth $3,913,000 after purchasing an additional 187,970 shares during the period. Vanguard Group Inc. lifted its position in shares of OneSpan by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company's stock worth $65,390,000 after purchasing an additional 38,362 shares in the last quarter. LPL Financial LLC purchased a new position in shares of OneSpan in the fourth quarter valued at approximately $287,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of OneSpan in the fourth quarter valued at approximately $152,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
OSPN has been the subject of several research reports. Rosenblatt Securities boosted their price target on shares of OneSpan from $18.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. StockNews.com downgraded OneSpan from a "buy" rating to a "hold" rating in a report on Friday, March 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $17.63.
View Our Latest Stock Report on OSPN
OneSpan Price Performance
Shares of OneSpan stock traded up $1.34 during trading on Wednesday, hitting $14.91. 483,328 shares of the stock were exchanged, compared to its average volume of 403,562. The stock has a market cap of $569.20 million, a price-to-earnings ratio of 20.15 and a beta of 1.03. The firm's 50-day moving average price is $16.77 and its 200 day moving average price is $17.23. OneSpan Inc. has a 12-month low of $9.68 and a 12-month high of $20.37.
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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