Asset Management One Co. Ltd. Has $4.54 Million Position in DocuSign, Inc. (NASDAQ:DOCU)

Asset Management One Co. Ltd. reduced its stake in DocuSign, Inc. (NASDAQ:DOCU) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,410 shares of the company’s stock after selling 2,180 shares during the period. Asset Management One Co. Ltd.’s holdings in DocuSign were worth $4,540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of DocuSign by 1.9% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,965 shares of the company’s stock valued at $514,000 after purchasing an additional 164 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of DocuSign by 3.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 5,009 shares of the company’s stock valued at $278,000 after purchasing an additional 182 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of DocuSign by 0.6% in the second quarter. Utah Retirement Systems now owns 34,587 shares of the company’s stock valued at $1,984,000 after purchasing an additional 200 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of DocuSign by 28.8% in the fourth quarter. Whittier Trust Co. now owns 935 shares of the company’s stock valued at $56,000 after purchasing an additional 209 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of DocuSign by 440.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 270 shares of the company’s stock valued at $28,000 after acquiring an additional 220 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DocuSign news, Director Teresa Briggs sold 499 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $52.99, for a total transaction of $26,442.01. Following the completion of the transaction, the director now owns 6,169 shares of the company’s stock, valued at $326,895.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Allan C. Thygesen sold 7,765 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $53.31, for a total value of $413,952.15. Following the completion of the transaction, the chief executive officer now owns 104,002 shares of the company’s stock, valued at $5,544,346.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teresa Briggs sold 499 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $52.99, for a total value of $26,442.01. Following the completion of the transaction, the director now directly owns 6,169 shares of the company’s stock, valued at approximately $326,895.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,871 shares of company stock valued at $3,176,199. 17.80% of the stock is currently owned by corporate insiders.

DocuSign Trading Down 1.5 %

Shares of NASDAQ DOCU opened at $59.25 on Thursday. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 164.59, a PEG ratio of 5.22 and a beta of 0.89. DocuSign, Inc. has a 12 month low of $38.11 and a 12 month high of $64.76. The stock has a 50-day moving average price of $55.35 and a two-hundred day moving average price of $51.41.

DocuSign (NASDAQ:DOCU) last issued its earnings results on Thursday, March 7th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. The firm had revenue of $712.39 million during the quarter, compared to the consensus estimate of $698.05 million. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. On average, sell-side analysts predict that DocuSign, Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DOCU shares. JMP Securities reissued a “market outperform” rating and issued a $84.00 target price on shares of DocuSign in a research report on Monday, January 22nd. Wells Fargo & Company reduced their target price on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating for the company in a research report on Monday, February 5th. TheStreet raised shares of DocuSign from a “d+” rating to a “c-” rating in a research report on Tuesday, December 19th. Morgan Stanley raised shares of DocuSign from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $49.00 to $64.00 in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $50.00 target price on shares of DocuSign in a research report on Friday, January 12th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $58.33.

DocuSign Company Profile

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides DocuSign 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; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.