Trexquant Investment LP Sells 60,294 Shares of OneSpan Inc. (NASDAQ:OSPN)

Trexquant Investment LP reduced its holdings in OneSpan Inc. (NASDAQ:OSPN) by 76.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,999 shares of the company’s stock after selling 60,294 shares during the quarter. Trexquant Investment LP owned about 0.05% of OneSpan worth $352,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. grew its position in shares of OneSpan by 0.4% during the 4th 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 period. Baader Bank Aktiengesellschaft grew its holdings in OneSpan by 8.9% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company’s stock worth $384,000 after purchasing an additional 1,700 shares during the period. Principal Financial Group Inc. increased its stake in OneSpan by 9.5% in the fourth quarter. Principal Financial Group Inc. now owns 20,488 shares of the company’s stock valued at $380,000 after purchasing an additional 1,780 shares in the last quarter. R Squared Ltd acquired a new position in shares of OneSpan during the fourth quarter valued at about $37,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of OneSpan by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 335,356 shares of the company’s stock worth $6,218,000 after purchasing an additional 2,182 shares in the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

OneSpan Stock Performance

OSPN stock opened at $14.36 on Monday. The business has a 50-day simple moving average of $16.60 and a two-hundred day simple moving average of $17.21. The company has a market capitalization of $548.21 million, a P/E ratio of 19.41 and a beta of 1.03. OneSpan Inc. has a 52-week low of $9.68 and a 52-week high of $20.37.

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.