First Trust Discloses 5.1% Stake in OneSpan Inc.
Ticker: OSPN · Form: SC 13G · Filed: Jan 10, 2024 · CIK: 1044777
| Field | Detail |
|---|---|
| Company | Onespan Inc. (OSPN) |
| Form Type | SC 13G |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, stake-disclosure
TL;DR
**First Trust just revealed a 5.1% stake in OneSpan, signaling institutional confidence.**
AI Summary
First Trust Portfolios L.P., along with First Trust Advisors L.P. and The Charger Corporation, reported beneficial ownership of 2,050,000 shares of OneSpan Inc. common stock as of December 31, 2023. This represents 5.1% of OneSpan's outstanding shares, triggering a mandatory SC 13G filing. This matters to investors because it signals a significant institutional investor's confidence in OneSpan, potentially indicating a positive outlook for the stock.
Why It Matters
A major institutional investor, First Trust, has taken a significant position in OneSpan, which can be seen as a vote of confidence and may attract other investors.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, which generally reduces risk by providing a stable shareholder base.
Analyst Insight
A smart investor would research OneSpan Inc.'s fundamentals and recent performance, considering this significant institutional investment as a potential positive signal, but not the sole reason for investment.
Key Numbers
- 2,050,000 — Shares Beneficially Owned (Total shares of OneSpan Inc. held by the First Trust entities.)
- 5.1% — Percentage of Class (The percentage of OneSpan Inc. common stock beneficially owned by the First Trust entities.)
Key Players & Entities
- First Trust Portfolios L.P. (company) — reporting person, beneficial owner of OneSpan shares
- OneSpan Inc. (company) — the issuer whose shares are being reported
- First Trust Advisors L.P. (company) — reporting person, beneficial owner of OneSpan shares
- The Charger Corporation (company) — reporting person, beneficial owner of OneSpan shares
- 2,050,000 (dollar_amount) — number of shares beneficially owned
- 5.1% (dollar_amount) — percentage of class beneficially owned
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Other institutional investors may take a closer look at OneSpan Inc. due to First Trust's significant stake. (OneSpan Inc.) — medium confidence, target: Next 3-6 months
FAQ
Who are the reporting persons in this SC 13G filing?
The reporting persons are First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation, as listed under 'Names of Reporting Persons' in the filing.
What is the CUSIP number for OneSpan Inc. common stock mentioned in the filing?
The CUSIP number for OneSpan Inc. common stock is 68287N100, as stated on the cover page and in Item 2 of the filing.
What was the date of the event that required this SC 13G filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page of the filing.
How many shares of OneSpan Inc. common stock are beneficially owned by the reporting persons?
The reporting persons beneficially own 2,050,000 shares of OneSpan Inc. common stock, as detailed in the filing.
What percentage of OneSpan Inc.'s common stock do the reporting persons collectively own?
The reporting persons collectively own 5.1% of OneSpan Inc.'s common stock, as stated in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 10, 2024 regarding OneSpan Inc. (OSPN).