Geode Capital Management LLC Purchases 14,086 Shares of OneSpan Inc. (NASDAQ:OSPN)

Geode Capital Management LLC grew its position in OneSpan Inc. (NASDAQ:OSPN) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 857,474 shares of the company’s stock after purchasing an additional 14,086 shares during the quarter. Geode Capital Management LLC owned approximately 2.26% of OneSpan worth $14,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp boosted its position in shares of OneSpan by 1.6% during the third quarter. State Street Corp now owns 1,641,855 shares of the company’s stock worth $27,370,000 after acquiring an additional 25,361 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in 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 purchasing an additional 93,263 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in 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 purchasing an additional 179,497 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in OneSpan by 16.9% during 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. Finally, Marshall Wace LLP raised its stake in OneSpan by 30.1% during the second quarter. Marshall Wace LLP now owns 326,208 shares of the company’s stock valued at $4,182,000 after purchasing an additional 75,381 shares in the last quarter. Institutional investors own 95.52% of the company’s stock.

OneSpan Trading Down 0.1 %

NASDAQ OSPN opened at $18.76 on Tuesday. The company’s 50-day moving average price is $17.47 and its 200-day moving average price is $15.61. The stock has a market cap of $712.71 million, a PE ratio of 25.35 and a beta of 0.77. OneSpan Inc. has a 12 month low of $9.22 and a 12 month high of $19.58.

OneSpan Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. OneSpan’s payout ratio is presently 64.86%.

Insiders Place Their Bets

In related news, Director Michael J. Mcconnell sold 53,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.