OneSpan Inc. (NASDAQ:OSPN) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its position in shares of OneSpan Inc. (NASDAQ:OSPN) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,300 shares of the company’s stock after selling 25,250 shares during the quarter. Kovack Advisors Inc. owned 0.36% of OneSpan worth $2,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its position in OneSpan by 177.5% during the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after buying an additional 708,020 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of OneSpan by 113.4% in the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock valued at $5,632,000 after purchasing an additional 179,497 shares in the last quarter. 272 Capital LP purchased a new stake in shares of OneSpan in the third quarter valued at about $1,659,000. Segall Bryant & Hamill LLC lifted its holdings in shares of OneSpan by 14.1% in the third quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company’s stock valued at $12,589,000 after purchasing an additional 93,263 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new stake in shares of OneSpan in the third quarter valued at about $928,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OSPN. Rosenblatt Securities upped their price target on shares of OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 16th. Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $19.00 in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. One investment 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 company has an average rating of “Buy” and a consensus target price of $17.63.

Insider Transactions at OneSpan

In other news, Director Michael J. Mcconnell sold 53,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the sale, the director now owns 20,849 shares of the company’s stock, valued at $385,914.99. This represents a 71.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

OneSpan Stock Up 1.5 %

NASDAQ:OSPN opened at $16.60 on Thursday. The company has a market cap of $630.65 million, a P/E ratio of 22.43 and a beta of 0.77. OneSpan Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $20.36. The firm’s 50 day moving average is $18.83 and its two-hundred day moving average is $17.24.

OneSpan Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.12 dividend. The ex-dividend date was Friday, January 31st. OneSpan’s payout ratio is currently 64.86%.

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.