Prudential Financial Inc. Has $3.91 Million Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Prudential Financial Inc. lifted its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 814.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 211,048 shares of the company’s stock after buying an additional 187,970 shares during the period. Prudential Financial Inc.’s holdings in OneSpan were worth $3,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hillsdale Investment Management Inc. increased its position in OneSpan by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company’s stock worth $4,562,000 after buying an additional 900 shares during the last quarter. Baader Bank Aktiengesellschaft raised its stake in shares of OneSpan by 8.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company’s stock valued at $384,000 after acquiring an additional 1,700 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in OneSpan by 9.5% in the 4th quarter. Principal Financial Group Inc. now owns 20,488 shares of the company’s stock worth $380,000 after purchasing an additional 1,780 shares during the last quarter. R Squared Ltd bought a new stake in OneSpan during the fourth quarter worth approximately $37,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in OneSpan by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,356 shares of the company’s stock valued at $6,218,000 after purchasing an additional 2,182 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

OneSpan Trading Up 1.8 %

OSPN opened at $15.52 on Wednesday. The business has a 50 day moving average of $17.58 and a 200-day moving average of $17.34. The stock has a market capitalization of $592.49 million, a price-to-earnings ratio of 20.97 and a beta of 0.83. OneSpan Inc. has a 1-year low of $9.68 and a 1-year high of $20.37.

Analyst Ratings Changes

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

About OneSpan

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.