OneSpan Inc. (NASDAQ:OSPN) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC trimmed its position in OneSpan Inc. (NASDAQ:OSPN) by 12.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 223,612 shares of the company’s stock after selling 32,417 shares during the period. Essex Investment Management Co. LLC’s holdings in OneSpan were worth $4,146,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barclays PLC grew its stake in OneSpan by 388.5% in the third quarter. Barclays PLC now owns 66,719 shares of the company’s stock worth $1,113,000 after purchasing an additional 53,060 shares in the last quarter. 272 Capital LP acquired a new position in OneSpan in the third quarter worth about $1,659,000. Charles Schwab Investment Management Inc. grew its stake in OneSpan by 16.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock worth $5,554,000 after purchasing an additional 48,146 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in OneSpan by 46.6% in the fourth 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, JPMorgan Chase & Co. grew its stake in OneSpan by 177.5% in the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after purchasing an additional 708,020 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OSPN shares. StockNews.com downgraded OneSpan from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Rosenblatt Securities raised their target price on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.63.

OneSpan Stock Up 1.5 %

Shares of NASDAQ OSPN opened at $16.72 on Friday. The firm’s 50-day moving average price is $18.55 and its two-hundred day moving average price is $17.29. OneSpan Inc. has a 52-week low of $9.22 and a 52-week high of $20.37. The stock has a market capitalization of $638.30 million, a P/E ratio of 22.59 and a beta of 0.83.

OneSpan Dividend Announcement

The firm also recently announced a — dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.12 dividend. The ex-dividend date was Friday, January 31st. OneSpan’s dividend payout ratio is currently 33.10%.

About OneSpan

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.