Principal Financial Group Inc. Invests $312,000 in OneSpan Inc. (NASDAQ:OSPN)

Principal Financial Group Inc. acquired a new position in shares of OneSpan Inc. (NASDAQ:OSPN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,708 shares of the company’s stock, valued at approximately $312,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its stake in OneSpan by 860.4% in the second quarter. Quarry LP now owns 2,161 shares of the company’s stock valued at $28,000 after acquiring an additional 1,936 shares during the period. Quest Partners LLC grew its stake in OneSpan by 2,952.6% during the second quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock worth $31,000 after buying an additional 2,303 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in OneSpan during the second quarter worth about $41,000. Point72 Asset Management L.P. bought a new stake in OneSpan during the second quarter worth about $74,000. Finally, CWM LLC grew its stake in OneSpan by 872.1% during the second quarter. CWM LLC now owns 6,241 shares of the company’s stock worth $80,000 after buying an additional 5,599 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OSPN shares. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Rosenblatt Securities restated a “buy” rating and issued a $20.00 price objective on shares of OneSpan in a report on Monday, October 28th. Finally, Sidoti upgraded shares of OneSpan from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.00 to $19.00 in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, OneSpan has a consensus rating of “Buy” and an average target price of $17.13.

OneSpan Trading Up 1.2 %

OSPN opened at $17.88 on Monday. The company’s fifty day moving average price is $16.03 and its two-hundred day moving average price is $14.62. The company has a market cap of $679.26 million, a price-to-earnings ratio of 24.16 and a beta of 0.75. OneSpan Inc. has a 1-year low of $9.22 and a 1-year high of $17.98.

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.