GSA Capital Partners LLP Sells 80,539 Shares of OneSpan Inc. (NASDAQ:OSPN)

GSA Capital Partners LLP lessened its stake in shares of OneSpan Inc. (NASDAQ:OSPN) by 41.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,207 shares of the company’s stock after selling 80,539 shares during the period. GSA Capital Partners LLP owned about 0.30% of OneSpan worth $1,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in OneSpan by 8.5% during the first quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock valued at $32,499,000 after buying an additional 219,907 shares during the period. Assenagon Asset Management S.A. increased its holdings in OneSpan by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock valued at $5,632,000 after buying an additional 179,497 shares during the period. Marshall Wace LLP increased its holdings in OneSpan by 30.1% during the second quarter. Marshall Wace LLP now owns 326,208 shares of the company’s stock valued at $4,182,000 after buying an additional 75,381 shares during the period. Acadian Asset Management LLC increased its holdings in 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 buying an additional 295,739 shares during the period. Finally, AQR Capital Management LLC increased its holdings in OneSpan by 242.0% during the second quarter. AQR Capital Management LLC now owns 320,259 shares of the company’s stock valued at $4,106,000 after buying an additional 226,604 shares during the period. Institutional investors own 95.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of OneSpan from a “buy” rating to a “strong-buy” rating in a report on Monday, November 4th. Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of OneSpan in a report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $17.13.

OneSpan Price Performance

Shares of OSPN opened at $17.37 on Wednesday. The firm has a market capitalization of $659.89 million, a PE ratio of 23.47 and a beta of 0.75. OneSpan Inc. has a 1-year low of $9.22 and a 1-year high of $17.81. The company’s fifty day moving average price is $15.68 and its 200-day moving average price is $14.30.

OneSpan Company 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.