DocuSign, Inc. (NASDAQ:DOCU) Shares Bought by MUFG Securities EMEA plc

MUFG Securities EMEA plc raised its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,456 shares of the company’s stock after purchasing an additional 950 shares during the quarter. MUFG Securities EMEA plc’s holdings in DocuSign were worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DOCU. Norges Bank purchased a new position in shares of DocuSign in the fourth quarter worth about $133,826,000. AQR Capital Management LLC raised its position in DocuSign by 147.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,908,500 shares of the company’s stock worth $80,157,000 after buying an additional 1,136,948 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in DocuSign by 166.4% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,344,703 shares of the company’s stock valued at $56,478,000 after acquiring an additional 839,883 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of DocuSign by 77.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,215,650 shares of the company’s stock worth $51,057,000 after acquiring an additional 531,682 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of DocuSign by 4,438.8% during the fourth quarter. International Assets Investment Management LLC now owns 521,912 shares of the company’s stock worth $31,028,000 after purchasing an additional 510,413 shares during the last quarter. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Insider Activity at DocuSign

In other DocuSign news, insider Stephen Shute sold 15,109 shares of DocuSign stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $57.02, for a total transaction of $861,515.18. Following the sale, the insider now owns 8,959 shares of the company’s stock, valued at approximately $510,842.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Teresa Briggs sold 499 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $52.99, for a total value of $26,442.01. Following the completion of the sale, the director now owns 6,169 shares of the company’s stock, valued at $326,895.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephen Shute sold 15,109 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $57.02, for a total value of $861,515.18. Following the transaction, the insider now directly owns 8,959 shares in the company, valued at approximately $510,842.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,277 shares of company stock valued at $3,159,756. 1.66% of the stock is owned by insiders.

DocuSign Stock Performance

Shares of DOCU stock traded down $0.39 on Friday, reaching $56.93. 1,457,963 shares of the company were exchanged, compared to its average volume of 1,266,143. DocuSign, Inc. has a 1 year low of $38.11 and a 1 year high of $64.76. The business has a 50-day moving average price of $58.48 and a 200 day moving average price of $55.29. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 158.14, a P/E/G ratio of 4.92 and a beta of 0.88.

DocuSign (NASDAQ:DOCU) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. The company had revenue of $712.39 million during the quarter, compared to analyst estimates of $698.05 million. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. As a group, equities analysts anticipate that DocuSign, Inc. will post 0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DOCU shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $59.00 price target on shares of DocuSign in a report on Friday, April 12th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research report on Friday, April 12th. JMP Securities reissued a “market outperform” rating and issued a $84.00 price target on shares of DocuSign in a report on Friday, April 12th. Wells Fargo & Company dropped their price objective on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating on the stock in a research note on Monday, February 5th. Finally, UBS Group upgraded shares of DocuSign from a “sell” rating to a “neutral” rating and boosted their target price for the company from $48.00 to $62.00 in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.25.

About DocuSign

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.