Verition Fund Management LLC Purchases New Holdings in OneSpan Inc. (NASDAQ:OSPN)

Verition Fund Management LLC purchased a new stake in OneSpan Inc. (NASDAQ:OSPN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,134 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in shares of OneSpan by 113.4% in 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. Acadian Asset Management LLC increased its holdings in shares of 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 purchasing an additional 295,739 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of OneSpan by 16.9% in 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. Squarepoint Ops LLC acquired a new stake in shares of OneSpan in the second quarter valued at approximately $662,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of OneSpan in the second quarter valued at approximately $300,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

OneSpan Stock Down 5.6 %

Shares of NASDAQ OSPN opened at $18.06 on Monday. OneSpan Inc. has a twelve month low of $9.22 and a twelve month high of $19.28. The company’s fifty day moving average is $16.83 and its 200-day moving average is $15.23. The stock has a market cap of $686.10 million, a price-to-earnings ratio of 24.41 and a beta of 0.77.

Insider Buying and Selling

In related news, Director Michael J. Mcconnell sold 53,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total transaction of $981,030.00. Following the sale, the director now directly owns 20,849 shares in the company, valued at $385,914.99. This trade represents a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OSPN shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of OneSpan in a research note on Monday, October 28th. Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and raised their price objective for the company from $14.00 to $19.00 in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $17.13.

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.