Amundi Makes New $314,000 Investment in OneSpan Inc. (NASDAQ:OSPN)

Amundi acquired a new stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,994 shares of the company's stock, valued at approximately $314,000.

Several other institutional investors and hedge funds have also modified their holdings of OSPN. Barclays PLC raised its position in shares of OneSpan by 388.5% in the 3rd quarter. Barclays PLC now owns 66,719 shares of the company's stock worth $1,113,000 after buying an additional 53,060 shares during the period. 272 Capital LP purchased a new position in shares of OneSpan in the 3rd quarter worth about $1,659,000. Charles Schwab Investment Management Inc. raised its holdings in shares of OneSpan by 16.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company's stock worth $5,554,000 after purchasing an additional 48,146 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of OneSpan by 46.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company's stock valued at $9,181,000 after purchasing an additional 157,387 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of OneSpan by 177.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock worth $18,450,000 after purchasing an additional 708,020 shares during the period. Hedge funds and other institutional investors own 95.52% of the company's stock.

OneSpan Stock Performance

Shares of NASDAQ:OSPN traded up $0.49 during trading on Tuesday, hitting $16.49. The company's stock had a trading volume of 277,169 shares, compared to its average volume of 380,291. OneSpan Inc. has a fifty-two week low of $9.68 and a fifty-two week high of $20.37. The stock's 50-day moving average price is $17.95 and its two-hundred day moving average price is $17.31. The company has a market capitalization of $629.52 million, a PE ratio of 22.28 and a beta of 0.83.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on OSPN. Rosenblatt Securities raised 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. StockNews.com raised shares of OneSpan from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, OneSpan presently has an average rating of "Moderate Buy" and an average target price of $17.63.

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.