Algert Global LLC Sells 42,099 Shares of OneSpan Inc. (NASDAQ:OSPN)

Algert Global LLC reduced its position in shares of OneSpan Inc. (NASDAQ:OSPN) by 17.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 201,063 shares of the company’s stock after selling 42,099 shares during the period. Algert Global LLC owned about 0.53% of OneSpan worth $3,352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of OneSpan by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock worth $32,499,000 after acquiring an additional 219,907 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in OneSpan by 113.4% in the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after purchasing an additional 179,497 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of OneSpan by 1,038.5% during the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock worth $4,154,000 after purchasing an additional 295,739 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of OneSpan during the second quarter worth $662,000. Finally, Inspire Investing LLC acquired a new stake in shares of OneSpan in the third quarter valued at $880,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

OneSpan Price Performance

Shares of NASDAQ OSPN opened at $18.56 on Tuesday. OneSpan Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $18.70. The firm has a market capitalization of $705.09 million, a P/E ratio of 25.08 and a beta of 0.75. The company’s 50 day simple moving average is $16.03 and its 200 day simple moving average is $14.62.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on OSPN shares. StockNews.com raised shares of OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Sidoti upgraded shares of OneSpan from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of OneSpan in a report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $17.13.

OneSpan 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.