Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 9,200 Shares of DocuSign, Inc. (NASDAQ:DOCU)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 17.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 61,200 shares of the company’s stock after buying an additional 9,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in DocuSign were worth $5,504,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Toronto Dominion Bank boosted its holdings in shares of DocuSign by 30.3% during the 3rd quarter. Toronto Dominion Bank now owns 26,159 shares of the company’s stock worth $1,624,000 after buying an additional 6,081 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of DocuSign by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company’s stock worth $82,478,000 after buying an additional 16,014 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of DocuSign by 5,660.8% during the 3rd quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock worth $27,252,000 after buying an additional 431,295 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of DocuSign by 39.5% during the 3rd quarter. Quantinno Capital Management LP now owns 201,546 shares of the company’s stock worth $12,514,000 after buying an additional 57,104 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of DocuSign by 7.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,296,517 shares of the company’s stock worth $80,501,000 after buying an additional 85,987 shares during the period. Institutional investors own 77.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. UBS Group boosted their price objective on shares of DocuSign from $60.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $90.00 price objective (up previously from $57.00) on shares of DocuSign in a report on Friday, December 6th. Piper Sandler boosted their price objective on shares of DocuSign from $60.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective 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, Citigroup boosted their price objective on shares of DocuSign from $87.00 to $113.00 and gave the company a “buy” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.45.

Insider Buying and Selling

In related news, insider Robert Chatwani sold 14,800 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $97.76, for a total transaction of $1,446,848.00. Following the completion of the transaction, the insider now directly owns 73,414 shares in the company, valued at $7,176,952.64. This represents a 16.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Blake Jeffrey Grayson sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $86.90, for a total transaction of $695,200.00. Following the transaction, the chief financial officer now owns 77,851 shares of the company’s stock, valued at approximately $6,765,251.90. This represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 693,773 shares of company stock worth $66,727,926 in the last three months. 1.66% of the stock is owned by corporate insiders.

DocuSign Price Performance

DOCU stock opened at $81.69 on Wednesday. The company has a 50 day simple moving average of $91.12 and a 200 day simple moving average of $77.29. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 6.94 and a beta of 0.89. DocuSign, Inc. has a 1 year low of $48.70 and a 1 year high of $107.86.

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.