Principal Financial Group Inc. Takes $312,000 Position in OneSpan Inc. (NASDAQ:OSPN)

Principal Financial Group Inc. bought a new stake in shares of OneSpan Inc. (NASDAQ:OSPN) in the third quarter, Holdings Channel reports. The institutional investor bought 18,708 shares of the company’s stock, valued at approximately $312,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP boosted its position in shares of OneSpan by 860.4% during the 2nd quarter. Quarry LP now owns 2,161 shares of the company’s stock valued at $28,000 after acquiring an additional 1,936 shares during the last quarter. Quest Partners LLC boosted its position in shares of OneSpan by 2,952.6% during the 2nd quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock valued at $31,000 after acquiring an additional 2,303 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in OneSpan during the 2nd quarter valued at $41,000. Point72 Asset Management L.P. purchased a new stake in OneSpan during the 2nd quarter valued at $74,000. Finally, CWM LLC raised its holdings in OneSpan by 872.1% during the 2nd quarter. CWM LLC now owns 6,241 shares of the company’s stock valued at $80,000 after buying an additional 5,599 shares during the period. 95.52% of the stock is currently owned by institutional investors.

OneSpan Price Performance

Shares of NASDAQ:OSPN opened at $17.88 on Monday. The business’s 50 day moving average price is $16.03 and its 200-day moving average price is $14.62. The firm has a market capitalization of $679.26 million, a PE ratio of 24.16 and a beta of 0.75. OneSpan Inc. has a 1 year low of $9.22 and a 1 year high of $17.98.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OSPN. Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of OneSpan in a report on Monday, October 28th. Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $19.00 in a report on Thursday, October 31st. Finally, StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a 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, the stock currently has an average rating of “Buy” and an average target price 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.