Mirae Asset Global Investments Co. Ltd. Grows Stake in OneSpan Inc. (NASDAQ:OSPN)

Mirae Asset Global Investments Co. Ltd. grew its holdings in OneSpan Inc. (NASDAQ:OSPN) by 39.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,609,888 shares of the company’s stock after acquiring an additional 453,036 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 4.03% of OneSpan worth $23,891,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Texas Permanent School Fund Corp increased its holdings in shares of OneSpan by 34.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 31,656 shares of the company’s stock valued at $554,000 after acquiring an additional 8,177 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of OneSpan by 32.3% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 109,960 shares of the company’s stock valued at $1,632,000 after acquiring an additional 26,833 shares during the last quarter. Register Financial Advisors LLC boosted its position in shares of OneSpan by 200.0% in the 1st quarter. Register Financial Advisors LLC now owns 3,000 shares of the company’s stock valued at $52,000 after purchasing an additional 2,000 shares during the period. CM Management LLC boosted its position in shares of OneSpan by 133.3% in the 1st quarter. CM Management LLC now owns 70,000 shares of the company’s stock valued at $1,225,000 after purchasing an additional 40,000 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of OneSpan by 114.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 16,234 shares of the company’s stock valued at $241,000 after purchasing an additional 8,670 shares during the period. Hedge funds and other institutional investors own 86.78% of the company’s stock.

OneSpan Stock Up 0.9 %

Shares of NASDAQ OSPN opened at $10.15 on Tuesday. OneSpan Inc. has a 52-week low of $7.64 and a 52-week high of $19.25. The business has a 50-day moving average price of $9.85 and a 200 day moving average price of $12.43. The stock has a market cap of $404.85 million, a PE ratio of -12.23 and a beta of 0.87.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OSPN shares. DA Davidson cut OneSpan from a “buy” rating to a “neutral” rating and decreased their target price for the company from $19.00 to $12.00 in a research report on Thursday, August 10th. StockNews.com started coverage on OneSpan in a research report on Thursday, October 5th. They issued a “hold” rating for the company.

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.