Robeco Institutional Asset Management B.V. Purchases 29,471 Shares of Onespan Inc (NASDAQ:OSPN)

Robeco Institutional Asset Management B.V. raised its stake in shares of Onespan Inc (NASDAQ:OSPN - Free Report) by 101.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,620 shares of the company's stock after buying an additional 29,471 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.15% of Onespan worth $894,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in OSPN. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Onespan in the first quarter worth $195,000. Range Financial Group LLC bought a new stake in shares of Onespan in the first quarter worth $1,593,000. GAMMA Investing LLC grew its holdings in shares of Onespan by 1,501.9% in the first quarter. GAMMA Investing LLC now owns 42,563 shares of the company's stock worth $649,000 after acquiring an additional 39,906 shares during the period. California State Teachers Retirement System grew its holdings in shares of Onespan by 4.0% in the fourth quarter. California State Teachers Retirement System now owns 33,769 shares of the company's stock worth $626,000 after acquiring an additional 1,288 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in shares of Onespan by 171.3% in the fourth quarter. Mackenzie Financial Corp now owns 66,535 shares of the company's stock worth $1,234,000 after acquiring an additional 42,007 shares during the period. Hedge funds and other institutional investors own 95.52% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Onespan in a report on Friday, May 2nd. Wall Street Zen lowered Onespan from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Onespan Stock Up 1.8%

NASDAQ:OSPN traded up $0.31 during mid-day trading on Friday, hitting $17.50. 314,092 shares of the company traded hands, compared to its average volume of 403,041. The stock's fifty day moving average price is $16.01 and its 200-day moving average price is $16.78. Onespan Inc has a one year low of $12.39 and a one year high of $20.37. The firm has a market cap of $669.03 million, a price-to-earnings ratio of 11.90 and a beta of 1.15.

Onespan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, May 16th. Onespan's dividend payout ratio (DPR) is 32.65%.

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.