Allianz Asset Management GmbH Has $1.68 Million Stake in Onespan Inc $OSPN

Allianz Asset Management GmbH reduced its stake in shares of Onespan Inc (NASDAQ:OSPN) by 54.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,512 shares of the company’s stock after selling 126,098 shares during the quarter. Allianz Asset Management GmbH owned about 0.28% of Onespan worth $1,677,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in Onespan during the 3rd quarter worth $26,000. Comerica Bank raised its position in shares of Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after acquiring an additional 2,021 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Onespan by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock worth $86,000 after acquiring an additional 3,816 shares during the last quarter. Copeland Capital Management LLC lifted its stake in shares of Onespan by 107.4% during the third quarter. Copeland Capital Management LLC now owns 10,204 shares of the company’s stock valued at $162,000 after acquiring an additional 5,284 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Onespan in the third quarter valued at about $189,000. Institutional investors own 95.52% of the company’s stock.

Onespan Trading Down 1.6%

Shares of Onespan stock opened at $10.80 on Friday. The stock’s fifty day simple moving average is $12.31 and its 200 day simple moving average is $13.63. The company has a market capitalization of $410.72 million, a PE ratio of 7.35 and a beta of 1.53. Onespan Inc has a 12 month low of $10.17 and a 12 month high of $20.36.

Analyst Ratings Changes

Several brokerages have weighed in on OSPN. DA Davidson dropped their price objective on Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Rosenblatt Securities dropped their price target on shares of Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Onespan in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Onespan from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.00.

Onespan Profile

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.