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

Essex Investment Management Co. LLC lessened its stake in shares of OneSpan Inc. (NASDAQ:OSPN) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 223,612 shares of the company’s stock after selling 32,417 shares during the quarter. Essex Investment Management Co. LLC owned about 0.59% of OneSpan worth $4,146,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OSPN. Barclays PLC lifted its stake in shares of OneSpan by 388.5% during the 3rd quarter. Barclays PLC now owns 66,719 shares of the company’s stock worth $1,113,000 after purchasing an additional 53,060 shares during the period. 272 Capital LP purchased a new position in shares of OneSpan during the 3rd quarter worth $1,659,000. Charles Schwab Investment Management Inc. lifted its stake in shares of OneSpan by 16.9% during the 3rd 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 during the period. Assenagon Asset Management S.A. lifted its stake in shares of OneSpan by 46.6% during 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. Finally, JPMorgan Chase & Co. lifted its stake in shares of OneSpan by 177.5% during the 3rd 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 period. Institutional investors and hedge funds own 95.52% of the company’s stock.

OneSpan Trading Up 1.5 %

Shares of NASDAQ OSPN opened at $16.72 on Friday. OneSpan Inc. has a 12-month low of $9.22 and a 12-month high of $20.37. The company has a market cap of $638.30 million, a P/E ratio of 22.59 and a beta of 0.83. The stock has a fifty day moving average price of $18.55 and a 200 day moving average price of $17.29.

OneSpan Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.