OneSpan Inc. (NASDAQ:OSPN) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in shares of OneSpan Inc. (NASDAQ:OSPN) by 37.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 807,007 shares of the company’s stock after purchasing an additional 219,813 shares during the period. Arrowstreet Capital Limited Partnership owned 2.12% of OneSpan worth $14,962,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in OneSpan in the fourth quarter valued at $44,699,000. JPMorgan Chase & Co. lifted its stake in shares of OneSpan by 177.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock valued at $18,450,000 after purchasing an additional 708,020 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of OneSpan by 814.5% during the 4th 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. Assenagon Asset Management S.A. increased its position in OneSpan by 46.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock worth $9,181,000 after purchasing an additional 157,387 shares in the last quarter. Finally, 272 Capital LP purchased a new position in OneSpan in the third quarter valued at approximately $1,659,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

OneSpan Trading Down 5.4 %

NASDAQ OSPN opened at $13.82 on Friday. The stock has a market cap of $527.59 million, a P/E ratio of 18.68 and a beta of 1.03. The company’s fifty day simple moving average is $17.29 and its 200-day simple moving average is $17.30. OneSpan Inc. has a 52 week low of $9.68 and a 52 week high of $20.37.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OSPN shares. Rosenblatt Securities increased their price objective on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.63.

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.