DocuSign, Inc. (NASDAQ:DOCU) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its position in DocuSign, Inc. (NASDAQ:DOCU) by 15.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,837 shares of the company’s stock after purchasing an additional 18,415 shares during the period. Ensign Peak Advisors Inc’s holdings in DocuSign were worth $7,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DOCU. Vanguard Group Inc. grew its stake in shares of DocuSign by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 21,399,739 shares of the company’s stock worth $1,272,214,000 after purchasing an additional 417,352 shares during the period. Coatue Management LLC purchased a new stake in DocuSign during the fourth quarter worth about $288,274,000. American Century Companies Inc. grew its position in DocuSign by 1.9% during the second quarter. American Century Companies Inc. now owns 4,099,400 shares of the company’s stock worth $219,318,000 after buying an additional 75,026 shares during the period. Renaissance Technologies LLC increased its holdings in DocuSign by 18.3% in the second quarter. Renaissance Technologies LLC now owns 3,729,314 shares of the company’s stock valued at $199,518,000 after buying an additional 576,414 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of DocuSign by 77.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,519,969 shares of the company’s stock valued at $188,318,000 after acquiring an additional 1,541,816 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley lowered their price target on DocuSign from $65.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, June 7th. Citigroup raised their price target on DocuSign from $86.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of DocuSign in a research report on Friday, September 6th. JMP Securities restated a “market outperform” rating and set a $84.00 target price on shares of DocuSign in a report on Thursday, September 5th. Finally, Royal Bank of Canada lifted their target price on shares of DocuSign from $52.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.45.

Insider Activity

In related news, insider Stephen Shute sold 35,300 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $52.87, for a total value of $1,866,311.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other DocuSign news, CFO Blake Jeffrey Grayson sold 14,036 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $55.47, for a total transaction of $778,576.92. Following the completion of the sale, the chief financial officer now directly owns 87,611 shares in the company, valued at $4,859,782.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Shute sold 35,300 shares of DocuSign stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $52.87, for a total value of $1,866,311.00. The disclosure for this sale can be found here. Insiders sold a total of 446,065 shares of company stock valued at $23,777,163 in the last 90 days. 1.66% of the stock is currently owned by insiders.

DocuSign Stock Performance

Shares of NASDAQ DOCU opened at $60.55 on Thursday. The firm’s 50 day moving average price is $56.03 and its 200 day moving average price is $56.31. The firm has a market cap of $12.29 billion, a P/E ratio of 116.44, a price-to-earnings-growth ratio of 6.37 and a beta of 0.93. DocuSign, Inc. has a 1 year low of $38.11 and a 1 year high of $64.76.

DocuSign (NASDAQ:DOCU) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.17. DocuSign had a return on equity of 16.18% and a net margin of 34.56%. The business had revenue of $736.03 million during the quarter, compared to the consensus estimate of $727.20 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts predict that DocuSign, Inc. will post 0.99 EPS for the current year.

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.