Algert Global LLC Sells 42,099 Shares of OneSpan Inc. (NASDAQ:OSPN)

Algert Global LLC decreased its position in shares of OneSpan Inc. (NASDAQ:OSPN) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,063 shares of the company’s stock after selling 42,099 shares during the quarter. Algert Global LLC’s holdings in OneSpan were worth $3,352,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Essex Investment Management Co. LLC grew its holdings in shares of OneSpan by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 256,029 shares of the company’s stock valued at $4,268,000 after buying an additional 681 shares during the period. Meeder Asset Management Inc. grew its stake in OneSpan by 6.8% in the third quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock valued at $231,000 after acquiring an additional 884 shares during the period. Victory Capital Management Inc. increased its holdings in shares of OneSpan by 2.5% in the second quarter. Victory Capital Management Inc. now owns 58,400 shares of the company’s stock worth $749,000 after acquiring an additional 1,400 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of OneSpan by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,385 shares of the company’s stock valued at $598,000 after purchasing an additional 1,706 shares in the last quarter. Finally, Quarry LP grew its position in shares of OneSpan by 860.4% in the 2nd quarter. Quarry LP now owns 2,161 shares of the company’s stock valued at $28,000 after purchasing an additional 1,936 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.

OneSpan Stock Up 3.8 %

Shares of OSPN stock opened at $18.56 on Tuesday. OneSpan Inc. has a 12 month low of $9.22 and a 12 month high of $18.70. The company’s fifty day simple moving average is $16.03 and its 200-day simple moving average is $14.62. The firm has a market cap of $705.09 million, a PE ratio of 25.08 and a beta of 0.75.

Wall Street Analysts Forecast Growth

OSPN has been the topic of several research analyst reports. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of OneSpan in a research report on Monday, October 28th. Finally, Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $17.13.

OneSpan Company Profile

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.