Connor Clark & Lunn Investment Management Ltd. Reduces Position in OneSpan Inc. (NASDAQ:OSPN)

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 310,098 shares of the company's stock after selling 50,793 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.82% of OneSpan worth $5,169,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in OSPN. Segall Bryant & Hamill LLC raised its holdings in OneSpan by 14.1% in the third quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company's stock worth $12,589,000 after buying an additional 93,263 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in OneSpan by 6.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company's stock worth $231,000 after acquiring an additional 884 shares during the last quarter. Quest Partners LLC lifted its position in OneSpan by 865.5% in the 3rd quarter. Quest Partners LLC now owns 22,988 shares of the company's stock valued at $383,000 after acquiring an additional 20,607 shares in the last quarter. Gladius Capital Management LP purchased a new stake in OneSpan during the 3rd quarter valued at $335,000. Finally, Versor Investments LP bought a new stake in shares of OneSpan in the 3rd quarter worth $340,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

OneSpan Stock Up 1.2 %

NASDAQ OSPN traded up $0.21 during trading hours on Friday, hitting $17.88. 270,993 shares of the company were exchanged, compared to its average volume of 455,961. OneSpan Inc. has a 52 week low of $9.22 and a 52 week high of $17.98. The stock has a 50-day moving average price of $16.03 and a 200 day moving average price of $14.58. The stock has a market cap of $679.26 million, a PE ratio of 24.16 and a beta of 0.75.

Analyst Ratings Changes

A number of research analysts recently weighed in on OSPN shares. Rosenblatt Securities restated a "buy" rating and set a $20.00 price objective on shares of OneSpan in a research report on Monday, October 28th. Sidoti raised OneSpan from a "neutral" rating to a "buy" rating and increased their target price for the company from $14.00 to $19.00 in a report on Thursday, October 31st. Finally, StockNews.com raised OneSpan from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $17.13.

OneSpan Company Profile

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.