Hillsdale Investment Management Inc. Buys 900 Shares of OneSpan Inc. (NASDAQ:OSPN)

Hillsdale Investment Management Inc. lifted its stake in OneSpan Inc. (NASDAQ:OSPN) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,058 shares of the company’s stock after buying an additional 900 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in OneSpan were worth $4,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of OneSpan in the fourth quarter worth about $44,699,000. State Street Corp raised its stake in shares of OneSpan by 1.6% in the third quarter. State Street Corp now owns 1,641,855 shares of the company’s stock worth $27,370,000 after buying an additional 25,361 shares during the period. JPMorgan Chase & Co. raised its stake in shares of OneSpan by 177.5% in the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after buying an additional 708,020 shares during the period. Geode Capital Management LLC raised its stake in shares of OneSpan by 1.7% in the third quarter. Geode Capital Management LLC now owns 857,474 shares of the company’s stock worth $14,297,000 after buying an additional 14,086 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in OneSpan by 46.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock valued at $9,181,000 after purchasing an additional 157,387 shares during the period. Institutional investors own 95.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on OSPN. Rosenblatt Securities lifted their target price on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 16th. StockNews.com raised OneSpan from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.63.

OneSpan Price Performance

NASDAQ OSPN opened at $16.03 on Friday. The stock has a market capitalization of $611.96 million, a PE ratio of 21.66 and a beta of 0.83. The business has a 50 day simple moving average of $18.00 and a two-hundred day simple moving average of $17.28. OneSpan Inc. has a 1-year low of $9.68 and a 1-year high of $20.37.

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.