Engineers Gate Manager LP Buys Shares of 45,788 OneSpan Inc. (NASDAQ:OSPN)

Engineers Gate Manager LP bought a new stake in shares of OneSpan Inc. (NASDAQ:OSPN – Get Rating) in the third quarter, HoldingsChannel reports. The institutional investor bought 45,788 shares of the company’s stock, valued at approximately $394,000.

Several other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of OneSpan by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 316,631 shares of the company’s stock worth $2,727,000 after acquiring an additional 7,607 shares in the last quarter. BlackRock Inc. raised its position in shares of OneSpan by 2.6% in the 3rd quarter. BlackRock Inc. now owns 6,234,967 shares of the company’s stock worth $53,684,000 after acquiring an additional 157,736 shares in the last quarter. Citadel Advisors LLC raised its position in shares of OneSpan by 48.2% in the 3rd quarter. Citadel Advisors LLC now owns 50,936 shares of the company’s stock worth $438,000 after acquiring an additional 16,567 shares in the last quarter. B. Riley Asset Management LLC raised its position in shares of OneSpan by 26.9% in the 3rd quarter. B. Riley Asset Management LLC now owns 443,899 shares of the company’s stock worth $3,822,000 after acquiring an additional 94,122 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in OneSpan during the 3rd quarter worth $2,297,000. 82.14% of the stock is owned by institutional investors.

OneSpan Stock Performance

OneSpan stock opened at $17.50 on Tuesday. The business’s 50-day simple moving average is $14.02 and its two-hundred day simple moving average is $12.11. The company has a market cap of $700.02 million, a PE ratio of -49.11 and a beta of 0.86. OneSpan Inc. has a fifty-two week low of $8.15 and a fifty-two week high of $19.25.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on OSPN shares. TheStreet upgraded OneSpan from a “d” rating to a “c-” rating in a research note on Thursday, March 2nd. StockNews.com downgraded OneSpan from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd.

OneSpan Company Profile

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OneSpan, Inc engages in the design, development, and marketing of security solutions for identity, security, and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. Its solutions have the following functions: to secure access to online accounts, data, assets, and applications for global enterprises, to provide tools for application developers to easily integrate security functions into their web-based and mobile applications, and to facilitate digital transactions involving the signing, sending, and managing of documents.