Victory Capital Management Inc. Sells 666 Shares of OneSpan Inc. (NASDAQ:OSPN)

Victory Capital Management Inc. decreased its position in shares of OneSpan Inc. (NASDAQ:OSPN) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,134 shares of the company’s stock after selling 666 shares during the period. Victory Capital Management Inc.’s holdings in OneSpan were worth $1,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. increased its position in OneSpan by 6.8% during the third quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock valued at $231,000 after acquiring an additional 884 shares during the last quarter. Baader Bank Aktiengesellschaft increased its position in OneSpan by 8.9% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company’s stock valued at $384,000 after acquiring an additional 1,700 shares during the last quarter. Principal Financial Group Inc. increased its position in OneSpan by 9.5% during the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company’s stock valued at $380,000 after acquiring an additional 1,780 shares during the last quarter. R Squared Ltd bought a new position in OneSpan during the fourth quarter valued at $37,000. Finally, Charles Schwab Investment Management Inc. increased its position in OneSpan by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,356 shares of the company’s stock valued at $6,218,000 after acquiring an additional 2,182 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

OneSpan Trading Up 1.9 %

NASDAQ OSPN opened at $16.26 on Thursday. The company’s 50-day moving average price is $18.10 and its 200-day moving average price is $17.29. The stock has a market cap of $620.74 million, a PE ratio of 21.97 and a beta of 0.83. OneSpan Inc. has a 12 month low of $9.68 and a 12 month high of $20.37.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Rosenblatt Securities boosted their price objective on shares of OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 16th. StockNews.com upgraded shares of OneSpan from a “hold” rating to a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.