CANADA LIFE ASSURANCE Co Acquires 16,465 Shares of OneSpan Inc. (NASDAQ:OSPN)

CANADA LIFE ASSURANCE Co boosted its stake in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,935 shares of the company's stock after purchasing an additional 16,465 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.54% of OneSpan worth $3,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. R Squared Ltd purchased a new stake in shares of OneSpan during the 4th quarter valued at $37,000. New York State Teachers Retirement System bought a new position in OneSpan in the fourth quarter valued at $64,000. Steward Partners Investment Advisory LLC purchased a new stake in OneSpan during the fourth quarter valued at about $109,000. KLP Kapitalforvaltning AS bought a new stake in OneSpan during the fourth quarter worth about $152,000. Finally, NewEdge Advisors LLC purchased a new position in shares of OneSpan in the 4th quarter worth about $189,000. 95.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded OneSpan from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $17.63.

OneSpan Stock Down 0.0 %

Shares of NASDAQ OSPN traded down $0.01 during midday trading on Thursday, reaching $14.87. The company had a trading volume of 66,212 shares, compared to its average volume of 404,544. The stock has a market cap of $568.29 million, a PE ratio of 20.11 and a beta of 1.03. OneSpan Inc. has a one year low of $10.74 and a one year high of $20.37. The firm's fifty day moving average price is $15.39 and its 200-day moving average price is $17.12.

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.