Meeder Asset Management Inc. Acquires 884 Shares of OneSpan Inc. (NASDAQ:OSPN)

Meeder Asset Management Inc. lifted its stake in OneSpan Inc. (NASDAQ:OSPN) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,867 shares of the company’s stock after buying an additional 884 shares during the quarter. Meeder Asset Management Inc.’s holdings in OneSpan were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OSPN. Acadian Asset Management LLC lifted its stake in OneSpan by 1,038.5% in the 2nd quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock worth $4,154,000 after purchasing an additional 295,739 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of OneSpan by 242.0% in the second quarter. AQR Capital Management LLC now owns 320,259 shares of the company’s stock worth $4,106,000 after purchasing an additional 226,604 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of OneSpan by 8.5% in the first quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock worth $32,499,000 after buying an additional 219,907 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of OneSpan by 113.4% in the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after buying an additional 179,497 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in OneSpan by 30.1% during the second quarter. Marshall Wace LLP now owns 326,208 shares of the company’s stock valued at $4,182,000 after buying an additional 75,381 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

Analyst Upgrades and Downgrades

OSPN has been the topic of a number of research reports. Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $19.00 in a research note on Thursday, October 31st. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $20.00 price objective on shares of OneSpan in a research report on Monday, October 28th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $17.13.

OneSpan Price Performance

Shares of OSPN stock opened at $16.96 on Wednesday. The company has a market cap of $644.31 million, a PE ratio of 22.92 and a beta of 0.75. OneSpan Inc. has a 1 year low of $9.22 and a 1 year high of $17.89. The stock’s 50 day simple moving average is $15.89 and its two-hundred day simple moving average is $14.50.

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.