State Street Corp Purchases 25,361 Shares of OneSpan Inc. (NASDAQ:OSPN)

State Street Corp boosted its position in OneSpan Inc. (NASDAQ:OSPN) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,641,855 shares of the company’s stock after acquiring an additional 25,361 shares during the period. State Street Corp owned 4.32% of OneSpan worth $27,370,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OSPN. Acadian Asset Management LLC grew its stake in shares of OneSpan by 1,038.5% in the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock worth $4,154,000 after purchasing an additional 295,739 shares during the last quarter. AQR Capital Management LLC lifted its holdings in OneSpan by 242.0% in the 2nd quarter. AQR Capital Management LLC now owns 320,259 shares of the company’s stock worth $4,106,000 after buying an additional 226,604 shares during the period. Assenagon Asset Management S.A. grew its position in shares of OneSpan by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after buying an additional 179,497 shares during the last quarter. 272 Capital LP purchased a new position in shares of OneSpan during the third quarter valued at approximately $1,659,000. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of OneSpan by 14.1% during the third quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company’s stock valued at $12,589,000 after acquiring an additional 93,263 shares in the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael J. Mcconnell sold 53,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 of the company’s stock, valued at $385,914.99. This trade represents a 71.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on OSPN. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.00 to $19.00 in a research note on Thursday, October 31st. Finally, Rosenblatt Securities increased 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. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, OneSpan presently has an average rating of “Buy” and a consensus target price of $17.63.

OneSpan Trading Up 0.9 %

Shares of OneSpan stock opened at $18.25 on Monday. OneSpan Inc. has a 12 month low of $9.22 and a 12 month high of $19.58. The firm has a market capitalization of $693.34 million, a P/E ratio of 24.66 and a beta of 0.77. The business has a fifty day simple moving average of $17.16 and a two-hundred day simple moving average of $15.41.

OneSpan Announces Dividend

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. OneSpan’s dividend payout ratio (DPR) is currently 64.86%.

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.