Legal & General Group Plc Has $40.71 Million Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Legal & General Group Plc increased its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 2,195,570 shares of the company’s stock after acquiring an additional 16,901 shares during the period. Legal & General Group Plc owned approximately 0.06% of OneSpan worth $40,706,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in OSPN. Vanguard Group Inc. increased its stake in OneSpan by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 3,526,988 shares of the company’s stock valued at $65,390,000 after purchasing an additional 38,362 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of OneSpan in the 4th quarter valued at about $44,699,000. State Street Corp increased its position in OneSpan by 1.6% in the 3rd quarter. State Street Corp now owns 1,641,855 shares of the company’s stock valued at $27,370,000 after buying an additional 25,361 shares in the last quarter. JPMorgan Chase & Co. raised its stake in OneSpan by 177.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after buying an additional 708,020 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in OneSpan by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 863,224 shares of the company’s stock worth $16,008,000 after acquiring an additional 5,750 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on OSPN shares. StockNews.com lowered OneSpan from a “buy” rating to a “hold” rating in a research report on Friday, March 28th. Rosenblatt Securities upped their price objective on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, OneSpan currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.63.

OneSpan Stock Performance

Shares of OSPN stock opened at $14.36 on Friday. OneSpan Inc. has a 52-week low of $9.68 and a 52-week high of $20.37. The company has a 50-day simple moving average of $16.60 and a two-hundred day simple moving average of $17.20. The company has a market capitalization of $548.21 million, a price-to-earnings ratio of 19.41 and a beta of 1.03.

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.