Cornercap Investment Counsel Inc. Has $387,000 Holdings in OneSpan Inc. (NASDAQ:OSPN)

Cornercap Investment Counsel Inc. reduced its holdings in OneSpan Inc. (NASDAQ:OSPN) by 50.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,189 shares of the company’s stock after selling 24,066 shares during the quarter. Cornercap Investment Counsel Inc. owned approximately 0.06% of OneSpan worth $387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Acadian Asset Management LLC raised its position in OneSpan by 1,038.5% in the 2nd quarter. Acadian Asset Management LLC now owns 324,217 shares of the company’s stock worth $4,154,000 after purchasing an additional 295,739 shares during the last quarter. AQR Capital Management LLC raised its position in OneSpan by 242.0% in the 2nd quarter. AQR Capital Management LLC now owns 320,259 shares of the company’s stock worth $4,106,000 after purchasing an additional 226,604 shares during the last quarter. Vanguard Group Inc. raised its position in OneSpan by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 2,794,375 shares of the company’s stock worth $32,499,000 after purchasing an additional 219,907 shares during the last quarter. Assenagon Asset Management S.A. raised its position in OneSpan by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock worth $5,632,000 after purchasing an additional 179,497 shares during the last quarter. Finally, Marshall Wace LLP raised its position in OneSpan by 30.1% in the 2nd quarter. Marshall Wace LLP now owns 326,208 shares of the company’s stock worth $4,182,000 after purchasing an additional 75,381 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 target price on shares of OneSpan in a research report on Monday, October 28th. StockNews.com upgraded shares of OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. Finally, Sidoti upgraded shares of OneSpan from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $19.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $17.13.

OneSpan Stock Performance

Shares of NASDAQ:OSPN opened at $16.72 on Friday. OneSpan Inc. has a 52-week low of $9.22 and a 52-week high of $17.89. The company has a market capitalization of $635.19 million, a P/E ratio of 22.59 and a beta of 0.75. The company has a 50-day simple moving average of $15.80 and a 200 day simple moving average of $14.41.

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.