Arrowstreet Capital Limited Partnership Boosts Stock Position in OneSpan Inc. (NASDAQ:OSPN)

Arrowstreet Capital Limited Partnership grew its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 37.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 807,007 shares of the company’s stock after buying an additional 219,813 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in OneSpan were worth $14,962,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Barclays PLC boosted its stake in OneSpan by 388.5% during the 3rd quarter. Barclays PLC now owns 66,719 shares of the company’s stock valued at $1,113,000 after acquiring an additional 53,060 shares during the last quarter. 272 Capital LP acquired a new stake in shares of OneSpan in the 3rd quarter valued at about $1,659,000. Charles Schwab Investment Management Inc. lifted its position in shares of OneSpan by 16.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock worth $5,554,000 after purchasing an additional 48,146 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in OneSpan by 46.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock worth $9,181,000 after purchasing an additional 157,387 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in OneSpan by 177.5% in the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock valued at $18,450,000 after buying an additional 708,020 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded OneSpan from a “buy” rating to a “hold” rating in a report on Friday, March 28th. Rosenblatt Securities raised 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, OneSpan currently has an average rating of “Moderate Buy” and a consensus target price of $17.63.

OneSpan Stock Performance

Shares of OSPN stock opened at $13.82 on Friday. OneSpan Inc. has a 1 year low of $9.68 and a 1 year high of $20.37. The stock has a fifty day moving average of $17.29 and a two-hundred day moving average of $17.30. The firm has a market capitalization of $527.59 million, a PE ratio of 18.68 and a beta of 1.03.

OneSpan 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.