State of Tennessee Treasury Department trimmed its position in Onespan Inc (NASDAQ:OSPN) by 33.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,937 shares of the company’s stock after selling 5,576 shares during the quarter. State of Tennessee Treasury Department’s holdings in Onespan were worth $305,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Nuveen Asset Management LLC increased its stake in shares of Onespan by 10.4% in the 1st quarter. Nuveen Asset Management LLC now owns 291,017 shares of the company’s stock valued at $5,282,000 after acquiring an additional 27,325 shares during the last quarter. Deutsche Bank AG raised its stake in Onespan by 140.8% during the 1st quarter. Deutsche Bank AG now owns 407,902 shares of the company’s stock worth $7,403,000 after buying an additional 238,523 shares during the period. First Trust Advisors LP grew its stake in Onespan by 31.2% in the second quarter. First Trust Advisors LP now owns 239,850 shares of the company’s stock valued at $6,699,000 after acquiring an additional 56,976 shares during the period. Geode Capital Management LLC increased its holdings in shares of Onespan by 7.1% in the first quarter. Geode Capital Management LLC now owns 479,624 shares of the company’s stock worth $8,704,000 after acquiring an additional 31,604 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Onespan by 96.5% during the first quarter. Wells Fargo & Company MN now owns 144,687 shares of the company’s stock worth $2,626,000 after purchasing an additional 71,045 shares during the period. 77.09% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on OSPN shares. Zacks Investment Research downgraded Onespan from a “hold” rating to a “sell” rating in a research note on Friday, August 14th. Needham & Company LLC restated a “buy” rating and set a $29.00 price objective on shares of Onespan in a research note on Wednesday, August 12th. BidaskClub lowered Onespan from a “strong-buy” rating to a “buy” rating in a report on Friday, August 7th. Finally, Sidoti upped their price objective on Onespan from $23.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Onespan currently has a consensus rating of “Hold” and an average price target of $28.33.
In related news, Director T Kendall Hunt sold 53,547 shares of Onespan stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $30.03, for a total transaction of $1,608,016.41. Following the sale, the director now directly owns 4,292,305 shares of the company’s stock, valued at approximately $128,897,919.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.00% of the company’s stock.
Onespan stock opened at $20.79 on Wednesday. Onespan Inc has a 12 month low of $10.88 and a 12 month high of $33.33. The company has a market capitalization of $838.77 million, a price-to-earnings ratio of 54.71, a PEG ratio of 6.88 and a beta of 0.89. The stock’s 50 day moving average is $24.12 and its 200-day moving average is $21.03.
Onespan (NASDAQ:OSPN) last released its earnings results on Tuesday, August 11th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $54.95 million for the quarter, compared to analyst estimates of $57.13 million. Onespan had a return on equity of 10.86% and a net margin of 5.72%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.01 earnings per share. Sell-side analysts predict that Onespan Inc will post 0.29 EPS for the current year.
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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