AlphaQuest LLC Cuts Position in OneSpan Inc. (NASDAQ:OSPN)

AlphaQuest LLC trimmed its holdings in OneSpan Inc. (NASDAQ:OSPN) by 56.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,997 shares of the company’s stock after selling 12,991 shares during the period. AlphaQuest LLC’s holdings in OneSpan were worth $185,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in OneSpan in the 4th quarter valued at about $37,000. New York State Teachers Retirement System acquired a new stake in OneSpan in the 4th quarter valued at about $64,000. Steward Partners Investment Advisory LLC acquired a new stake in OneSpan in the 4th quarter valued at about $109,000. Intech Investment Management LLC acquired a new stake in OneSpan in the 3rd quarter valued at about $173,000. Finally, Arizona State Retirement System acquired a new stake in OneSpan in the 4th quarter valued at about $193,000. 95.52% of the stock is owned by institutional investors and hedge funds.

OneSpan Price Performance

OneSpan stock opened at $15.75 on Monday. OneSpan Inc. has a 12-month low of $9.68 and a 12-month high of $20.37. The stock has a market capitalization of $601.27 million, a P/E ratio of 21.28 and a beta of 0.83. The firm’s 50-day moving average is $18.25 and its two-hundred day moving average is $17.30.

Analyst Ratings Changes

OSPN has been the topic of a number of research reports. StockNews.com cut shares of OneSpan from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Rosenblatt Securities raised their price target 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, OneSpan currently has an average rating of “Moderate Buy” and a consensus target price of $17.63.

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.