Arthur M. Cohen & Associates LLC Sells 43,000 Shares of OneSpan Inc. (NASDAQ:OSPN)

Arthur M. Cohen & Associates LLC trimmed its position in OneSpan Inc. (NASDAQ:OSPN) by 32.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,474 shares of the company’s stock after selling 43,000 shares during the period. Arthur M. Cohen & Associates LLC owned approximately 0.24% of OneSpan worth $1,696,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of OneSpan by 388.5% during the third quarter. Barclays PLC now owns 66,719 shares of the company’s stock valued at $1,113,000 after acquiring an additional 53,060 shares in the last quarter. 272 Capital LP bought a new stake in OneSpan during the 3rd quarter valued at $1,659,000. Charles Schwab Investment Management Inc. raised its holdings in OneSpan by 16.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock worth $5,554,000 after buying an additional 48,146 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of OneSpan by 177.5% in the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock valued at $18,450,000 after buying an additional 708,020 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of OneSpan by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock valued at $5,632,000 after buying an additional 179,497 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

OneSpan Stock Performance

NASDAQ:OSPN opened at $18.93 on Friday. OneSpan Inc. has a 52 week low of $9.22 and a 52 week high of $19.58. The firm has a 50-day moving average price of $18.36 and a two-hundred day moving average price of $16.19. The firm has a market cap of $719.15 million, a price-to-earnings ratio of 25.58 and a beta of 0.77.

OneSpan Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OSPN shares. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $19.00 in a report on Thursday, October 31st. Finally, Rosenblatt Securities upped their price target on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $17.63.

Insider Buying and Selling

In related news, Director Michael J. Mcconnell sold 53,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.51, for a total transaction of $981,030.00. Following the completion of the transaction, the director now owns 20,849 shares in the company, valued at approximately $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is currently owned by corporate insiders.

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.