Nissay Asset Management Corp Japan ADV Has $7.12 Million Stake in DocuSign, Inc. (NASDAQ:DOCU)

Nissay Asset Management Corp Japan ADV increased its position in shares of DocuSign, Inc. (NASDAQ:DOCU) by 111.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 76,515 shares of the company’s stock after buying an additional 40,263 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in DocuSign were worth $7,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Nomura Holdings Inc. acquired a new stake in shares of DocuSign during the 4th quarter worth approximately $2,422,000. No Street GP LP bought a new stake in DocuSign during the 4th quarter worth approximately $26,083,000. Occudo Quantitative Strategies LP acquired a new stake in shares of DocuSign in the fourth quarter valued at $1,089,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of DocuSign by 12.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,011 shares of the company’s stock worth $11,786,000 after purchasing an additional 14,372 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in DocuSign by 15.6% in the 4th quarter. Lazard Asset Management LLC now owns 185,853 shares of the company’s stock valued at $16,715,000 after buying an additional 25,038 shares during the last quarter. 77.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of DocuSign from $97.00 to $92.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Citigroup increased their price objective on shares of DocuSign from $113.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Jefferies Financial Group cut their target price on DocuSign from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Hsbc Global Res upgraded DocuSign from a “moderate sell” rating to a “hold” rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. upgraded shares of DocuSign from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $70.00 to $75.00 in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $92.46.

Insider Buying and Selling at DocuSign

In other news, CFO Blake Jeffrey Grayson sold 16,111 shares of DocuSign stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $83.20, for a total transaction of $1,340,435.20. Following the transaction, the chief financial officer now owns 93,960 shares in the company, valued at approximately $7,817,472. The trade was a 14.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Teresa Briggs sold 534 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $87.41, for a total value of $46,676.94. Following the completion of the sale, the director now directly owns 8,270 shares of the company’s stock, valued at approximately $722,880.70. The trade was a 6.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,851 shares of company stock valued at $3,912,239. 1.66% of the stock is currently owned by corporate insiders.

DocuSign Stock Performance

DOCU stock opened at $90.55 on Friday. DocuSign, Inc. has a 52 week low of $48.70 and a 52 week high of $107.86. The company’s 50-day simple moving average is $80.93 and its 200 day simple moving average is $84.93. The company has a market capitalization of $18.34 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 6.94 and a beta of 1.21.

DocuSign (NASDAQ:DOCU) last released its earnings results on Thursday, March 13th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $776.25 million for the quarter, compared to analyst estimates of $760.94 million. DocuSign had a return on equity of 14.90% and a net margin of 34.73%. DocuSign’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. On average, analysts forecast that DocuSign, Inc. will post 1.17 EPS for the current 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.