Clark Estates Inc. NY Acquires Shares of 156,000 Onespan Inc $OSPN

Clark Estates Inc. NY purchased a new position in shares of Onespan Inc (NASDAQ:OSPN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 156,000 shares of the company’s stock, valued at approximately $2,479,000. Clark Estates Inc. NY owned approximately 0.41% of Onespan as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Onespan during the 3rd quarter worth approximately $26,000. Comerica Bank lifted its stake in shares of Onespan by 455.2% during the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after buying an additional 2,021 shares during the period. Tower Research Capital LLC TRC boosted its position in 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 increased its stake in shares of Onespan by 107.4% during the 3rd 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 last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Onespan during the third quarter worth approximately $189,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Onespan Price Performance

Shares of OSPN stock opened at $11.38 on Monday. The stock’s 50-day moving average is $12.12 and its two-hundred day moving average is $13.48. Onespan Inc has a fifty-two week low of $10.17 and a fifty-two week high of $18.53. The firm has a market cap of $432.78 million, a P/E ratio of 7.74 and a beta of 1.53.

Onespan Company 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.