99,525 Shares in OneSpan Inc. (NASDAQ:OSPN) Bought by 272 Capital LP

272 Capital LP acquired a new stake in OneSpan Inc. (NASDAQ:OSPN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 99,525 shares of the company’s stock, valued at approximately $1,659,000. OneSpan accounts for 1.8% of 272 Capital LP’s investment portfolio, making the stock its 18th biggest position. 272 Capital LP owned about 0.26% of OneSpan as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its position in OneSpan by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock valued at $32,499,000 after buying an additional 219,907 shares during the last quarter. Assenagon Asset Management S.A. boosted 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 acquiring an additional 179,497 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of OneSpan by 1,038.5% during 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 during the period. Squarepoint Ops LLC purchased a new position in OneSpan during the second quarter worth about $662,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in OneSpan in the second quarter valued at about $300,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

OneSpan Price Performance

NASDAQ OSPN opened at $18.12 on Friday. The business has a 50 day moving average price of $16.25 and a 200 day moving average price of $14.80. The company has a market capitalization of $688.38 million, a P/E ratio of 24.49 and a beta of 0.75. OneSpan Inc. has a 1-year low of $9.22 and a 1-year high of $18.70.

Wall Street Analysts Forecast Growth

OSPN has been the subject of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $20.00 target price on shares of OneSpan in a research note on Monday, October 28th. Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $19.00 in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average 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.