Legal & General Group Plc lessened its stake in shares of Onespan Inc (NASDAQ:OSPN) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,252,264 shares of the company’s stock after selling 42,544 shares during the period. Legal & General Group Plc owned about 3.11% of Onespan worth $16,220,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royce & Associates LP bought a new position in shares of Onespan in the fourth quarter valued at approximately $73,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Onespan in the fourth quarter valued at approximately $116,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Onespan by 294.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,139 shares of the company’s stock valued at $144,000 after acquiring an additional 8,317 shares during the period. Oregon Public Employees Retirement Fund bought a new stake in Onespan during the fourth quarter valued at approximately $155,000. Finally, Ibex Investors LLC bought a new stake in Onespan during the third quarter valued at approximately $215,000. Institutional investors and hedge funds own 66.24% of the company’s stock.
Shares of NASDAQ OSPN traded up $0.36 during mid-day trading on Friday, hitting $19.26. The stock had a trading volume of 224,800 shares, compared to its average volume of 256,105. The company has a market cap of $753.94 million, a price-to-earnings ratio of 53.50, a PEG ratio of 3.96 and a beta of 2.07. Onespan Inc has a 1 year low of $11.41 and a 1 year high of $25.45.
OSPN has been the topic of several research reports. National Securities initiated coverage on shares of Onespan in a research note on Thursday, January 3rd. They set a “buy” rating on the stock. ValuEngine downgraded shares of Onespan from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 4th. Zacks Investment Research raised shares of Onespan from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, March 8th. Finally, TheStreet raised shares of Onespan from a “c” rating to a “b-” rating in a research note on Monday, March 18th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Onespan presently has a consensus rating of “Buy” and an average target price of $19.50.
OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions has the following functions: secure access to online accounts, data, assets, and applications for global enterprises; provide tools for application developers to easily integrate security functions into their web-based and mobile applications; and facilitate digital transactions involving the signing, sending, and managing of documents.
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