Onespan Inc $OSPN Stock Position Raised by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its position in shares of Onespan Inc (NASDAQ:OSPN) by 43.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 366,143 shares of the company’s stock after buying an additional 111,544 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Onespan were worth $5,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in Onespan in the third quarter valued at approximately $26,000. Comerica Bank increased its stake in shares of Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after purchasing an additional 2,021 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Onespan by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock valued at $86,000 after purchasing an additional 3,816 shares in the last quarter. Copeland Capital Management LLC lifted its stake in shares of Onespan by 107.4% in the 3rd quarter. Copeland Capital Management LLC now owns 10,204 shares of the company’s stock valued at $162,000 after purchasing an additional 5,284 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Onespan in the third quarter worth $189,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen lowered Onespan from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. DA Davidson decreased their target price on Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, Rosenblatt Securities dropped their price target on shares of Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Onespan currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Onespan Price Performance

Shares of NASDAQ:OSPN opened at $11.38 on Friday. The company has a market cap of $432.78 million, a price-to-earnings ratio of 7.74 and a beta of 1.53. The business has a 50 day moving average price of $12.12 and a 200 day moving average price of $13.48. Onespan Inc has a twelve month low of $10.17 and a twelve month high of $18.53.

About Onespan

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.