Arrowstreet Capital Limited Partnership lifted its stake in shares of OneSpan Inc. (NASDAQ:OSPN - Free Report) by 37.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 807,007 shares of the company's stock after acquiring an additional 219,813 shares during the period. Arrowstreet Capital Limited Partnership owned 2.12% of OneSpan worth $14,962,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of OneSpan during the fourth quarter valued at approximately $37,000. New York State Teachers Retirement System purchased a new position in OneSpan in the fourth quarter valued at approximately $64,000. Steward Partners Investment Advisory LLC purchased a new stake in OneSpan during the fourth quarter worth approximately $109,000. KLP Kapitalforvaltning AS purchased a new stake in OneSpan during the 4th quarter worth $152,000. Finally, Intech Investment Management LLC purchased a new stake in OneSpan during the 3rd quarter worth $173,000. Hedge funds and other institutional investors own 95.52% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on OSPN shares. StockNews.com downgraded OneSpan from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Rosenblatt Securities upped their price target on OneSpan from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $17.63.
Get Our Latest Stock Report on OSPN
OneSpan Stock Performance
Shares of NASDAQ:OSPN traded down $0.79 during trading on Friday, hitting $13.82. The company's stock had a trading volume of 442,947 shares, compared to its average volume of 402,035. The stock's 50-day moving average price is $17.29 and its two-hundred day moving average price is $17.31. 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 capitalization of $527.59 million, a PE ratio of 18.68 and a beta of 1.03.
About OneSpan
(
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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