11,487 Shares in OneSpan Inc. (NASDAQ:OSPN) Acquired by Magnetar Financial LLC

Magnetar Financial LLC purchased a new stake in shares of OneSpan Inc. (NASDAQ:OSPN) during the fourth quarter, Holdings Channel.com reports. The firm purchased 11,487 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OSPN. R Squared Ltd acquired a new position in shares of OneSpan in the 4th quarter valued at $37,000. New York State Teachers Retirement System acquired a new position in shares of OneSpan in the fourth quarter valued at about $64,000. Steward Partners Investment Advisory LLC purchased a new position in shares of OneSpan in the fourth quarter worth about $109,000. Intech Investment Management LLC purchased a new position in shares of OneSpan in the third quarter worth about $173,000. Finally, Arizona State Retirement System acquired a new stake in shares of OneSpan during the fourth quarter worth about $193,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

OneSpan Trading Up 1.5 %

Shares of NASDAQ:OSPN opened at $16.03 on Monday. OneSpan Inc. has a 12-month low of $9.68 and a 12-month high of $20.37. The business has a 50 day moving average of $18.00 and a two-hundred day moving average of $17.30. The company has a market capitalization of $611.96 million, a PE ratio of 21.66 and a beta of 0.83.

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.