Assenagon Asset Management S.A. Has $9.18 Million Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Assenagon Asset Management S.A. increased its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 46.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 495,210 shares of the company’s stock after purchasing an additional 157,387 shares during the period. Assenagon Asset Management S.A. owned approximately 1.30% of OneSpan worth $9,181,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of OneSpan by 1.6% during the 3rd quarter. State Street Corp now owns 1,641,855 shares of the company’s stock worth $27,370,000 after buying an additional 25,361 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in OneSpan by 177.5% during the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after acquiring an additional 708,020 shares in the last quarter. Geode Capital Management LLC boosted its stake in OneSpan by 1.7% during the third quarter. Geode Capital Management LLC now owns 857,474 shares of the company’s stock worth $14,297,000 after acquiring an additional 14,086 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in OneSpan by 14.1% in the third quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company’s stock worth $12,589,000 after purchasing an additional 93,263 shares during the period. Finally, Charles Schwab Investment Management Inc. increased 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 valued at $5,554,000 after purchasing an additional 48,146 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors.

OneSpan Stock Performance

OSPN stock opened at $18.93 on Friday. The business has a 50-day simple moving average of $18.36 and a two-hundred day simple moving average of $16.22. The company has a market capitalization of $719.15 million, a P/E ratio of 25.58 and a beta of 0.77. OneSpan Inc. has a 52-week low of $9.22 and a 52-week high of $19.58.

OneSpan Dividend Announcement

The business also recently announced 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 is Friday, January 31st. OneSpan’s payout ratio is 64.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on OSPN shares. Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. Rosenblatt Securities raised their price objective on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. One equities research 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 stock. Based on data from MarketBeat, OneSpan presently has a consensus rating of “Buy” and an average target price of $17.63.

Insider Buying and Selling

In related news, Director Michael J. Mcconnell sold 53,000 shares of the firm’s 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 transaction, the director now directly owns 20,849 shares of the company’s stock, valued at $385,914.99. This trade represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by corporate insiders.

OneSpan 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.