Teacher Retirement System of Texas Has $3.09 Million Stock Position in OneSpan Inc. (NASDAQ:OSPN)

Teacher Retirement System of Texas lessened its holdings in shares of OneSpan Inc. (NASDAQ:OSPN) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 166,474 shares of the company’s stock after selling 12,634 shares during the period. Teacher Retirement System of Texas’ holdings in OneSpan were worth $3,086,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Swiss National Bank raised its position in OneSpan by 6.3% during the 4th quarter. Swiss National Bank now owns 70,700 shares of the company’s stock worth $1,311,000 after purchasing an additional 4,200 shares during the last quarter. Prosperity Wealth Management Inc. bought a new position in shares of OneSpan during the fourth quarter worth about $462,000. Amundi bought a new position in shares of OneSpan during the fourth quarter worth about $314,000. Raymond James Financial Inc. acquired a new position in shares of OneSpan in the fourth quarter worth approximately $44,699,000. Finally, Arizona State Retirement System acquired a new stake in OneSpan during the 4th quarter valued at approximately $193,000. Institutional investors own 95.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on OSPN shares. StockNews.com upgraded shares of OneSpan from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Rosenblatt Securities boosted their target price on shares of OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.63.

OneSpan Stock Performance

Shares of OSPN opened at $16.49 on Wednesday. The firm has a market cap of $629.52 million, a PE ratio of 22.28 and a beta of 0.83. OneSpan Inc. has a 52-week low of $9.68 and a 52-week high of $20.37. The business’s 50 day moving average price is $17.91 and its two-hundred day moving average price is $17.32.

OneSpan Company Profile

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.