Janus Henderson Group PLC Buys 1,398 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Janus Henderson Group PLC grew its stake in DocuSign, Inc. (NASDAQ:DOCU) by 13.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,110 shares of the company’s stock after purchasing an additional 1,398 shares during the quarter. Janus Henderson Group PLC’s holdings in DocuSign were worth $752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Garden State Investment Advisory Services LLC bought a new position in DocuSign in the third quarter worth about $210,000. Beck Capital Management LLC grew its holdings in shares of DocuSign by 6.9% during the 3rd quarter. Beck Capital Management LLC now owns 8,485 shares of the company’s stock worth $527,000 after acquiring an additional 547 shares during the period. Maverick Capital Ltd. raised its position in shares of DocuSign by 5.1% in the 3rd quarter. Maverick Capital Ltd. now owns 30,866 shares of the company’s stock worth $1,916,000 after acquiring an additional 1,498 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of DocuSign in the 3rd quarter valued at approximately $1,190,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of DocuSign by 42.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,459,580 shares of the company’s stock valued at $90,625,000 after purchasing an additional 434,312 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on DOCU. Bank of America raised their price objective on DocuSign from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Robert W. Baird lifted their price target on shares of DocuSign from $59.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Citigroup upped their price objective on shares of DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on shares of DocuSign from $50.00 to $70.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Finally, JMP Securities upped their price target on DocuSign from $108.00 to $124.00 and gave the stock a “market outperform” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $92.45.

DocuSign Trading Down 0.0 %

Shares of DOCU opened at $94.48 on Friday. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The business’s fifty day simple moving average is $78.04 and its two-hundred day simple moving average is $63.38. The company has a market cap of $19.09 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 8.72 and a beta of 0.92.

Insider Activity at DocuSign

In other news, Director Teresa Briggs sold 534 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $56.56, for a total transaction of $30,203.04. Following the completion of the transaction, the director now directly owns 7,202 shares of the company’s stock, valued at $407,345.12. The trade was a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel D. Springer sold 581,588 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $97.04, for a total transaction of $56,437,299.52. Following the completion of the sale, the director now owns 906,430 shares in the company, valued at $87,959,967.20. This represents a 39.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 651,184 shares of company stock valued at $60,878,829 over the last ninety days. Insiders own 1.66% of the company’s stock.

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.