Swiss National Bank Raises Stock Holdings in OneSpan Inc. (NASDAQ:OSPN)

Swiss National Bank increased its stake in OneSpan Inc. (NASDAQ:OSPN) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,700 shares of the company’s stock after purchasing an additional 4,200 shares during the period. Swiss National Bank owned approximately 0.19% of OneSpan worth $1,311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd bought a new position in shares of OneSpan in the 4th quarter worth $37,000. New York State Teachers Retirement System purchased a new position in OneSpan in the fourth quarter worth $64,000. Steward Partners Investment Advisory LLC bought a new position in OneSpan in the fourth quarter valued at $109,000. Intech Investment Management LLC purchased a new stake in OneSpan during the third quarter valued at about $173,000. Finally, Arizona State Retirement System bought a new stake in OneSpan during the fourth quarter worth about $193,000. 95.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on OSPN shares. Rosenblatt Securities raised their price objective on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 16th. StockNews.com downgraded shares of OneSpan from a “buy” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, OneSpan currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.63.

OneSpan Trading Down 2.8 %

NASDAQ OSPN opened at $15.46 on Friday. The stock has a 50-day moving average of $17.72 and a 200-day moving average of $17.31. OneSpan Inc. has a 1-year low of $9.68 and a 1-year high of $20.37. The firm has a market cap of $590.20 million, a PE ratio of 20.89 and a beta of 0.83.

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.