Robeco Institutional Asset Management B.V. Boosts Holdings in Onespan Inc (NASDAQ:OSPN)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 101.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,620 shares of the company's stock after acquiring an additional 29,471 shares during the period. Robeco Institutional Asset Management B.V. owned 0.15% of Onespan worth $894,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new stake in Onespan during the fourth quarter valued at about $109,000. State of Tennessee Department of Treasury purchased a new stake in shares of Onespan during the 4th quarter worth about $147,000. KLP Kapitalforvaltning AS acquired a new stake in Onespan during the 4th quarter worth approximately $152,000. NewEdge Advisors LLC acquired a new stake in Onespan during the 4th quarter worth approximately $189,000. Finally, Arizona State Retirement System purchased a new position in Onespan in the fourth quarter valued at approximately $193,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Onespan Stock Up 1.3%

Shares of NASDAQ:OSPN opened at $17.19 on Thursday. The company has a market capitalization of $657.17 million, a price-to-earnings ratio of 11.69 and a beta of 1.15. The company has a 50 day moving average of $15.93 and a two-hundred day moving average of $16.82. Onespan Inc has a 52-week low of $12.35 and a 52-week high of $20.37.

Onespan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Friday, May 16th. Onespan's dividend payout ratio (DPR) is 32.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price objective on shares of Onespan in a research report on Friday, May 2nd. Wall Street Zen cut shares of Onespan from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

About Onespan

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.

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