Clark Estates Inc. NY Purchases New Position in Onespan Inc $OSPN

Clark Estates Inc. NY bought a new position in Onespan Inc (NASDAQ:OSPN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 156,000 shares of the company’s stock, valued at approximately $2,479,000.

A number of other institutional investors have also made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in Onespan in the 3rd quarter valued at $26,000. Comerica Bank increased its stake in Onespan by 455.2% in the first quarter. Comerica Bank now owns 2,465 shares of the company’s stock valued at $38,000 after purchasing an additional 2,021 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Onespan by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,133 shares of the company’s stock worth $86,000 after buying an additional 3,816 shares during the period. Copeland Capital Management LLC grew its position in shares of Onespan by 107.4% in the 3rd quarter. Copeland Capital Management LLC now owns 10,204 shares of the company’s stock valued at $162,000 after purchasing an additional 5,284 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Onespan during the third quarter worth $189,000. 95.52% of the stock is owned by institutional investors.

Onespan Price Performance

Shares of NASDAQ OSPN opened at $11.38 on Monday. The company has a 50 day simple moving average of $12.12 and a 200 day simple moving average of $13.48. Onespan Inc has a 1 year low of $10.17 and a 1 year high of $18.53. The firm has a market cap of $432.78 million, a PE ratio of 7.74 and a beta of 1.53.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OSPN. DA Davidson reduced their target price on shares of Onespan from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Onespan in a report on Monday, December 29th. Wall Street Zen cut Onespan from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Rosenblatt Securities cut their price target on Onespan from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Onespan has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

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.