OneSpan Inc. (NASDAQ:OSPN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in OneSpan Inc. (NASDAQ:OSPN) by 1.7% in the 3rd quarter, according to the company in its most recent 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 period. Geode Capital Management LLC’s holdings in OneSpan were worth $14,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of OneSpan by 14.9% during the second quarter. Bank of New York Mellon Corp now owns 115,560 shares of the company’s stock worth $1,481,000 after buying an additional 14,984 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of OneSpan by 42.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,395 shares of the company’s stock valued at $95,000 after purchasing an additional 2,215 shares during the period. Spire Wealth Management purchased a new stake in shares of OneSpan in the second quarter valued at about $264,000. Victory Capital Management Inc. lifted its position in OneSpan by 2.5% in the second quarter. Victory Capital Management Inc. now owns 58,400 shares of the company’s stock valued at $749,000 after buying an additional 1,400 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in OneSpan by 1,038.5% in the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock valued at $4,154,000 after buying an additional 295,739 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OSPN has been the topic of several research reports. 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 report on Monday, December 16th. StockNews.com raised shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Finally, Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $17.63.

Insider Buying and Selling

In other OneSpan 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 transaction, the director now directly owns 20,849 shares in the company, valued at $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

OneSpan Stock Performance

OSPN stock 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. OneSpan Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $19.58. The firm has a market capitalization of $712.71 million, a price-to-earnings ratio of 25.35 and a beta of 0.77.

OneSpan Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st. OneSpan’s payout ratio is 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.