Stoneridge Investment Partners LLC reduced its position in VASCO Data Security International, Inc. (NASDAQ:VDSI) by 69.4% during the second quarter, Holdings Channel reports. The institutional investor owned 33,263 shares of the technology company’s stock after selling 75,573 shares during the period. Stoneridge Investment Partners LLC’s holdings in VASCO Data Security International were worth $477,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Neuberger Berman Group LLC bought a new stake in shares of VASCO Data Security International during the first quarter worth about $12,265,000. Penserra Capital Management LLC increased its stake in shares of VASCO Data Security International by 12.9% in the first quarter. Penserra Capital Management LLC now owns 1,448,611 shares of the technology company’s stock worth $19,556,000 after buying an additional 165,327 shares in the last quarter. Elk Creek Partners LLC increased its stake in shares of VASCO Data Security International by 11.5% in the first quarter. Elk Creek Partners LLC now owns 1,406,794 shares of the technology company’s stock worth $18,992,000 after buying an additional 145,244 shares in the last quarter. First Trust Advisors LP increased its stake in shares of VASCO Data Security International by 159.3% in the first quarter. First Trust Advisors LP now owns 222,036 shares of the technology company’s stock worth $2,997,000 after buying an additional 136,409 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of VASCO Data Security International by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,593,588 shares of the technology company’s stock worth $21,513,000 after buying an additional 66,167 shares in the last quarter. Institutional investors own 51.65% of the company’s stock.

Shares of VASCO Data Security International, Inc. (VDSI) opened at 12.65 on Friday. The stock’s 50 day moving average price is $13.86 and its 200 day moving average price is $13.78. The company has a market capitalization of $503.43 million, a P/E ratio of 81.61 and a beta of 1.38. VASCO Data Security International, Inc. has a 52-week low of $12.05 and a 52-week high of $19.30.

VASCO Data Security International (NASDAQ:VDSI) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.05. VASCO Data Security International had a return on equity of 6.06% and a net margin of 3.45%. The business had revenue of $45.70 million for the quarter, compared to analyst estimates of $42.87 million. During the same quarter in the prior year, the company posted $0.15 EPS. The company’s quarterly revenue was down 15.8% on a year-over-year basis. On average, equities research analysts forecast that VASCO Data Security International, Inc. will post $0.09 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.watchlistnews.com/stoneridge-investment-partners-llc-has-477000-stake-in-vasco-data-security-international-inc-vdsi/1473510.html.

VDSI has been the subject of a number of analyst reports. Zacks Investment Research upgraded VASCO Data Security International from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, May 2nd. BTIG Research restated a “buy” rating and issued a $18.00 price target on shares of VASCO Data Security International in a research report on Monday, April 24th. Imperial Capital initiated coverage on VASCO Data Security International in a research report on Monday, June 26th. They issued an “outperform” rating and a $16.00 price target for the company. ValuEngine upgraded VASCO Data Security International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, BidaskClub downgraded VASCO Data Security International from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.33.

In other news, CEO T Kendall Hunt sold 46,255 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $14.67, for a total value of $678,560.85. Following the transaction, the chief executive officer now owns 7,714,601 shares of the company’s stock, valued at approximately $113,173,196.67. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 234,127 shares of company stock worth $3,280,419. Corporate insiders own 25.88% of the company’s stock.

VASCO Data Security International Company Profile

VASCO Data Security International, Inc designs, develops and markets digital solutions for identity, security and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. The Company provides anti-fraud and digital transaction management solutions to financial institutions and other businesses.

Want to see what other hedge funds are holding VDSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VASCO Data Security International, Inc. (NASDAQ:VDSI).

Institutional Ownership by Quarter for VASCO Data Security International (NASDAQ:VDSI)

Receive News & Ratings for VASCO Data Security International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VASCO Data Security International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.