Meeder Asset Management Inc. Trims Stake in OneSpan Inc. (NASDAQ:OSPN)

Meeder Asset Management Inc. lessened its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 61.2% during the 4th quarter, HoldingsChannel reports. The fund owned 5,381 shares of the company’s stock after selling 8,486 shares during the quarter. Meeder Asset Management Inc.’s holdings in OneSpan were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of OSPN. Vanguard Group Inc. lifted its position in OneSpan by 1.1% during 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. purchased a new position in shares of OneSpan during the 4th quarter valued at about $44,699,000. State Street Corp grew its stake in shares of OneSpan by 1.6% during the 3rd quarter. State Street Corp now owns 1,641,855 shares of the company’s stock valued at $27,370,000 after acquiring an additional 25,361 shares during the period. JPMorgan Chase & Co. increased its holdings in OneSpan by 177.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after acquiring an additional 708,020 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in OneSpan by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 857,474 shares of the company’s stock worth $14,297,000 after acquiring an additional 14,086 shares during the period. Institutional investors own 95.52% of the company’s stock.

Analyst Ratings Changes

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

OneSpan Price Performance

Shares of OSPN opened at $15.52 on Wednesday. The company has a 50 day simple moving average of $17.58 and a two-hundred day simple moving average of $17.34. OneSpan Inc. has a 1 year low of $9.68 and a 1 year high of $20.37. The firm has a market cap of $592.49 million, a P/E ratio of 20.97 and a beta of 0.83.

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.