3,438 Shares in OneSpan Inc. (NASDAQ:OSPN) Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System bought a new stake in shares of OneSpan Inc. (NASDAQ:OSPN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,438 shares of the company’s stock, valued at approximately $64,000.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of OneSpan by 1.6% in 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 period. JPMorgan Chase & Co. boosted its position 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of OneSpan by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 857,474 shares of the company’s stock valued at $14,297,000 after purchasing an additional 14,086 shares during the period. Segall Bryant & Hamill LLC increased its position in shares of OneSpan by 14.1% during the 3rd 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 during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of OneSpan by 46.6% in 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 during the period. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

OneSpan Stock Down 0.8 %

NASDAQ OSPN opened at $17.04 on Tuesday. OneSpan Inc. has a twelve month low of $9.22 and a twelve month high of $20.36. The business has a 50-day moving average price of $18.92 and a 200-day moving average price of $17.23. The firm has a market cap of $647.37 million, a price-to-earnings ratio of 23.03 and a beta of 0.77.

OneSpan Announces Dividend

The business also recently disclosed a — dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, January 31st. OneSpan’s dividend payout ratio (DPR) is currently 64.86%.

Insider Activity

In related news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.51, for a total value of $981,030.00. Following the sale, the director now directly owns 20,849 shares in the company, valued at approximately $385,914.99. The trade was a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on OSPN. StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $19.00 in a research report on Thursday, October 31st. Finally, 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 research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.