3,883 Shares in OneSpan Inc. (NASDAQ:OSPN) Acquired by Covestor Ltd

Covestor Ltd bought a new position in shares of OneSpan Inc. (NASDAQ:OSPN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,883 shares of the company’s stock, valued at approximately $65,000.

Several other large investors have also added to or reduced their stakes in OSPN. Acadian Asset Management LLC boosted its holdings in OneSpan by 1,038.5% in the second quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock worth $4,154,000 after acquiring an additional 295,739 shares in the last quarter. AQR Capital Management LLC boosted its holdings in OneSpan by 242.0% in the second quarter. AQR Capital Management LLC now owns 320,259 shares of the company’s stock worth $4,106,000 after acquiring an additional 226,604 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of OneSpan by 8.5% in the first quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock valued at $32,499,000 after purchasing an additional 219,907 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of OneSpan by 113.4% in the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock valued at $5,632,000 after purchasing an additional 179,497 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of OneSpan by 30.1% in the second quarter. Marshall Wace LLP now owns 326,208 shares of the company’s stock valued at $4,182,000 after purchasing an additional 75,381 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

OneSpan Price Performance

NASDAQ:OSPN opened at $17.34 on Friday. The business has a fifty day simple moving average of $15.77 and a two-hundred day simple moving average of $14.34. OneSpan Inc. has a 1 year low of $9.22 and a 1 year high of $17.89. The company has a market capitalization of $658.76 million, a P/E ratio of 23.43 and a beta of 0.75.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $20.00 target price on shares of OneSpan in a report on Monday, October 28th. Sidoti raised 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 research 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $17.13.

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.