OneSpan Inc. (NASDAQ:OSPN) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its holdings in OneSpan Inc. (NASDAQ:OSPN) by 6.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 36,626 shares of the company’s stock after selling 2,732 shares during the quarter. Prudential Financial Inc.’s holdings in OneSpan were worth $935,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of OneSpan by 0.7% in the 2nd quarter. BlackRock Inc. now owns 5,416,845 shares of the company’s stock valued at $138,347,000 after purchasing an additional 38,323 shares in the last quarter. State Street Corp increased its stake in OneSpan by 12.6% during the 2nd quarter. State Street Corp now owns 1,296,331 shares of the company’s stock worth $33,108,000 after buying an additional 144,852 shares in the last quarter. Ancora Advisors LLC increased its stake in OneSpan by 16.9% during the 2nd quarter. Ancora Advisors LLC now owns 1,053,885 shares of the company’s stock worth $26,916,000 after buying an additional 152,176 shares in the last quarter. JPMorgan Chase & Co. increased its stake in OneSpan by 43.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 779,574 shares of the company’s stock worth $19,910,000 after buying an additional 234,582 shares in the last quarter. Finally, Cannell Capital LLC grew its position in shares of OneSpan by 25.8% in the second quarter. Cannell Capital LLC now owns 678,568 shares of the company’s stock valued at $17,331,000 after purchasing an additional 138,992 shares in the last quarter. Hedge funds and other institutional investors own 78.76% of the company’s stock.

OSPN opened at $17.65 on Thursday. OneSpan Inc. has a one year low of $17.00 and a one year high of $29.17. The firm has a market capitalization of $705.40 million, a PE ratio of -38.37 and a beta of 0.51. The firm has a 50 day simple moving average of $19.50.

OneSpan (NASDAQ:OSPN) last released its quarterly earnings results on Tuesday, November 2nd. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.16. OneSpan had a negative return on equity of 5.63% and a negative net margin of 8.92%. The company had revenue of $52.28 million for the quarter. During the same quarter last year, the company earned $0.03 earnings per share. On average, equities research analysts expect that OneSpan Inc. will post -0.37 EPS for the current year.

In other OneSpan news, major shareholder T Kendall Hunt sold 26,000 shares of the company’s stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $20.25, for a total transaction of $526,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 19.30% of the stock is owned by corporate insiders.

A number of research firms have recently issued reports on OSPN. Zacks Investment Research upgraded OneSpan from a “sell” rating to a “hold” rating in a research report on Tuesday, August 17th. Colliers Securities reiterated a “buy” rating and issued a $30.00 price objective on shares of OneSpan in a report on Friday, September 3rd. BTIG Research reiterated a “hold” rating on shares of OneSpan in a report on Friday, November 12th. Finally, TheStreet cut OneSpan from a “c-” rating to a “d+” rating in a report on Monday, August 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, OneSpan presently has an average rating of “Buy” and a consensus price target of $34.67.

About OneSpan

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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Institutional Ownership by Quarter for OneSpan (NASDAQ:OSPN)

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