Intech Investment Management LLC Acquires Shares of 10,386 OneSpan Inc. (NASDAQ:OSPN)

Intech Investment Management LLC bought a new stake in OneSpan Inc. (NASDAQ:OSPN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,386 shares of the company’s stock, valued at approximately $173,000.

A number of other institutional investors have also modified their holdings of OSPN. Essex Investment Management Co. LLC grew its position in OneSpan by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 256,029 shares of the company’s stock valued at $4,268,000 after buying an additional 681 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of OneSpan by 6.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock worth $231,000 after acquiring an additional 884 shares during the period. Victory Capital Management Inc. lifted its stake in shares of OneSpan by 2.5% in the 2nd quarter. Victory Capital Management Inc. now owns 58,400 shares of the company’s stock worth $749,000 after acquiring an additional 1,400 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of OneSpan by 3.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,385 shares of the company’s stock valued at $598,000 after acquiring an additional 1,706 shares in the last quarter. Finally, Quarry LP increased its stake in shares of OneSpan by 860.4% during the second quarter. Quarry LP now owns 2,161 shares of the company’s stock worth $28,000 after acquiring an additional 1,936 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.

OneSpan Trading Up 1.0 %

Shares of OSPN opened at $18.66 on Friday. The firm’s 50-day moving average is $16.49 and its two-hundred day moving average is $15.00. OneSpan Inc. has a twelve month low of $9.22 and a twelve month high of $19.08. The firm has a market capitalization of $708.89 million, a P/E ratio of 25.22 and a beta of 0.77.

Insider Transactions at OneSpan

In other news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.51, for a total transaction of $981,030.00. Following the completion of the transaction, the director now owns 20,849 shares of the company’s stock, valued at $385,914.99. The trade was a 71.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $19.00 in a report on Thursday, October 31st. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price target on shares of OneSpan in a research note on Monday, October 28th. Finally, StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.