Hillsdale Investment Management Inc. Grows Stake in OneSpan Inc. (NASDAQ:OSPN)

Hillsdale Investment Management Inc. raised its stake in OneSpan Inc. (NASDAQ:OSPN) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,058 shares of the company’s stock after acquiring an additional 900 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.65% of OneSpan worth $4,562,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Barclays PLC grew its stake in shares of OneSpan by 388.5% in the third quarter. Barclays PLC now owns 66,719 shares of the company’s stock worth $1,113,000 after acquiring an additional 53,060 shares during the last quarter. 272 Capital LP purchased a new stake in shares of OneSpan in the third quarter worth $1,659,000. Charles Schwab Investment Management Inc. grew its stake in shares of OneSpan by 16.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company’s stock worth $5,554,000 after acquiring an additional 48,146 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of OneSpan by 46.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock worth $9,181,000 after acquiring an additional 157,387 shares during the last quarter. Finally, JPMorgan Chase & Co. grew 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 acquiring an additional 708,020 shares during the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

OneSpan Price Performance

OneSpan stock opened at $16.03 on Friday. OneSpan Inc. has a one year low of $9.68 and a one year high of $20.37. The stock has a market capitalization of $611.96 million, a PE ratio of 21.66 and a beta of 0.83. The business’s fifty day moving average is $18.00 and its 200 day moving average is $17.28.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OSPN shares. StockNews.com raised OneSpan from a “hold” rating to a “buy” rating in a research report on Thursday. Rosenblatt Securities increased their price objective on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.63.

OneSpan Company 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.