Hillsdale Investment Management Inc. Buys 79,100 Shares of Onespan Inc $OSPN

Hillsdale Investment Management Inc. boosted its stake in shares of Onespan Inc (NASDAQ:OSPN) by 28.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 359,138 shares of the company’s stock after buying an additional 79,100 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Onespan were worth $5,707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in Onespan in the third quarter valued at approximately $26,000. Comerica Bank lifted its position in shares of Onespan by 455.2% in the 1st quarter. Comerica Bank now owns 2,465 shares of the company’s stock worth $38,000 after purchasing an additional 2,021 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Onespan by 1.9% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 112,081 shares of the company’s stock valued at $1,781,000 after purchasing an additional 2,052 shares during the last quarter. Invesco Ltd. increased its position in shares of Onespan by 3.9% during the second quarter. Invesco Ltd. now owns 69,761 shares of the company’s stock worth $1,164,000 after buying an additional 2,588 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Onespan by 1.4% during the second quarter. Raymond James Financial Inc. now owns 196,396 shares of the company’s stock worth $3,278,000 after buying an additional 2,764 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. Wall Street Zen downgraded Onespan from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Rosenblatt Securities cut their target price on Onespan from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, DA Davidson lowered their target price on Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Onespan Stock Performance

Shares of NASDAQ OSPN opened at $11.38 on Friday. The firm has a market capitalization of $432.78 million, a P/E ratio of 7.74 and a beta of 1.53. The firm’s 50-day moving average price is $12.12 and its 200-day moving average price is $13.48. Onespan Inc has a 1-year low of $10.17 and a 1-year high of $18.53.

About Onespan

OneSpan, formerly known as Vasco Data Security International, is a Chicago-based cybersecurity software company specializing in digital identity and anti-fraud solutions. Founded in 1991, the company provides a suite of authentication and transaction security products designed to help organizations protect critical applications and high-value transactions across online, mobile and in-branch channels.

The core OneSpan portfolio includes multi-factor authentication, risk-based authentication and transaction signing solutions.