Nissay Asset Management Corp Japan ADV Buys 40,263 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Nissay Asset Management Corp Japan ADV lifted its holdings in DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 111.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,515 shares of the company's stock after acquiring an additional 40,263 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in DocuSign were worth $7,116,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of DocuSign by 118.8% during the fourth quarter. Rhumbline Advisers now owns 608,123 shares of the company's stock valued at $54,695,000 after buying an additional 330,136 shares during the last quarter. KBC Group NV grew its stake in shares of DocuSign by 32.7% in the 4th quarter. KBC Group NV now owns 1,535,107 shares of the company's stock valued at $138,067,000 after buying an additional 378,233 shares during the period. Jennison Associates LLC purchased a new position in shares of DocuSign during the 4th quarter worth approximately $12,897,000. Principal Financial Group Inc. boosted its position in DocuSign by 3,026.7% in the 4th quarter. Principal Financial Group Inc. now owns 546,796 shares of the company's stock valued at $49,179,000 after buying an additional 529,308 shares during the period. Finally, Amundi raised its holdings in shares of DocuSign by 565.8% in the 4th quarter. Amundi now owns 1,379,575 shares of the company's stock valued at $123,486,000 after purchasing an additional 1,172,368 shares in the last quarter. Institutional investors own 77.64% of the company's stock.

Insider Buying and Selling at DocuSign

In other news, Director Teresa Briggs sold 534 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $87.41, for a total transaction of $46,676.94. Following the transaction, the director now directly owns 8,270 shares of the company's stock, valued at $722,880.70. This represents a 6.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Blake Jeffrey Grayson sold 16,111 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $83.20, for a total value of $1,340,435.20. Following the transaction, the chief financial officer now directly owns 93,960 shares in the company, valued at $7,817,472. The trade was a 14.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,851 shares of company stock valued at $3,912,239 in the last quarter. 1.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DOCU has been the subject of several research analyst reports. Morgan Stanley cut their price objective on DocuSign from $97.00 to $92.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. UBS Group dropped their price target on shares of DocuSign from $90.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Needham & Company LLC restated a "hold" rating on shares of DocuSign in a research note on Thursday, April 17th. Bank of America reduced their price objective on shares of DocuSign from $112.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, HSBC raised shares of DocuSign from a "reduce" rating to a "hold" rating and set a $70.00 price objective on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $92.46.

DocuSign Trading Down 1.2%

NASDAQ DOCU traded down $1.11 on Monday, hitting $91.31. 1,507,051 shares of the company were exchanged, compared to its average volume of 2,757,230. DocuSign, Inc. has a 1-year low of $48.70 and a 1-year high of $107.86. The company has a market cap of $18.49 billion, a P/E ratio of 18.83, a P/E/G ratio of 6.94 and a beta of 1.21. The firm has a 50 day moving average of $81.19 and a two-hundred day moving average of $85.31.

DocuSign (NASDAQ:DOCU - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.02. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. The business had revenue of $776.25 million during the quarter, compared to analysts' expectations of $760.94 million. During the same period in the prior year, the business earned $0.76 EPS. DocuSign's revenue for the quarter was up 9.0% compared to the same quarter last year. Research analysts anticipate that DocuSign, Inc. will post 1.17 EPS for the current fiscal year.

DocuSign Company Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.