DekaBank Deutsche Girozentrale Invests $41,000 in OneSpan Inc. (NASDAQ:OSPN)

DekaBank Deutsche Girozentrale purchased a new stake in shares of OneSpan Inc. (NASDAQ:OSPN) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,180 shares of the company’s stock, valued at approximately $41,000.

Other hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC lifted 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 valued at $4,154,000 after purchasing an additional 295,739 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in OneSpan in the first quarter worth $2,997,000. Vanguard Group Inc. grew its stake in shares of OneSpan by 8.5% in the first 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 during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of OneSpan during the first quarter valued at $2,553,000. Finally, Assenagon Asset Management S.A. raised its position in shares of OneSpan by 293.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 158,326 shares of the company’s stock worth $2,030,000 after purchasing an additional 118,061 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

Analyst Ratings Changes

Separately, Rosenblatt Securities started coverage on shares of OneSpan in a research note on Friday, September 6th. They set a “buy” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, OneSpan presently has a consensus rating of “Moderate Buy” and an average price target of $15.38.

OneSpan Price Performance

OneSpan stock opened at $16.23 on Friday. OneSpan Inc. has a one year low of $7.64 and a one year high of $16.62. The business’s fifty day moving average is $15.04 and its 200 day moving average is $12.98. The stock has a market capitalization of $614.63 million, a PE ratio of -90.16 and a beta of 0.77.

OneSpan (NASDAQ:OSPN) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. The firm had revenue of $60.92 million during the quarter. OneSpan had a net margin of 6.60% and a return on equity of 18.69%. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. As a group, sell-side analysts expect that OneSpan Inc. will post 0.94 EPS for the current fiscal year.

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.