Connor Clark & Lunn Investment Management Ltd. lowered its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 30.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 216,291 shares of the company's stock after selling 93,807 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.57% of OneSpan worth $4,010,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in OneSpan in the fourth quarter valued at approximately $37,000. New York State Teachers Retirement System acquired a new stake in OneSpan during the 4th quarter valued at $64,000. Steward Partners Investment Advisory LLC bought a new position in OneSpan during the fourth quarter worth $109,000. Intech Investment Management LLC acquired a new position in shares of OneSpan in the third quarter valued at $173,000. Finally, Arizona State Retirement System bought a new position in shares of OneSpan in the fourth quarter valued at about $193,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.
OneSpan Stock Performance
Shares of NASDAQ OSPN traded down $0.47 during midday trading on Thursday, reaching $15.79. The company's stock had a trading volume of 487,367 shares, compared to its average volume of 377,479. The business's 50 day moving average price is $18.10 and its two-hundred day moving average price is $17.29. OneSpan Inc. has a fifty-two week low of $9.68 and a fifty-two week high of $20.37. The company has a market cap of $602.80 million, a P/E ratio of 21.34 and a beta of 0.83.
Analyst Upgrades and Downgrades
Several research firms have recently commented on OSPN. StockNews.com raised OneSpan from a "hold" rating to a "buy" rating in a research report on Thursday. Rosenblatt Securities upped their price objective on OneSpan from $18.00 to $22.00 and gave the company a "buy" rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $17.63.
View Our Latest Research Report on OSPN
OneSpan Company Profile
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Free Report)
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.
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