Neuberger Berman Group LLC Boosts Stake in DocuSign, Inc. (NASDAQ:DOCU)

Neuberger Berman Group LLC lifted its holdings in shares of DocuSign, Inc. (NASDAQ:DOCU) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,751 shares of the company’s stock after acquiring an additional 8,493 shares during the quarter. Neuberger Berman Group LLC’s holdings in DocuSign were worth $2,779,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DOCU. New York State Teachers Retirement System grew its holdings in DocuSign by 0.9% during the 4th quarter. New York State Teachers Retirement System now owns 18,282 shares of the company’s stock worth $1,087,000 after acquiring an additional 163 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in DocuSign by 2.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,975 shares of the company’s stock worth $415,000 after purchasing an additional 184 shares in the last quarter. Whittier Trust Co. increased its holdings in 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 buying an additional 209 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in DocuSign by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,899 shares of the company’s stock valued at $4,617,000 after buying an additional 239 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its holdings in DocuSign by 2.2% during the 4th quarter. SeaCrest Wealth Management LLC now owns 11,087 shares of the company’s stock worth $606,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

DocuSign Trading Down 0.7 %

DOCU opened at $56.93 on Monday. The business’s 50 day moving average is $58.48 and its 200-day moving average is $55.39. The stock has a market cap of $11.69 billion, a PE ratio of 158.14, a price-to-earnings-growth ratio of 4.92 and a beta of 0.88. DocuSign, Inc. has a twelve month low of $38.11 and a twelve month high of $64.76.

DocuSign (NASDAQ:DOCU) last announced its earnings results on Thursday, March 7th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. DocuSign had a return on equity of 13.91% and a net margin of 2.68%. The firm had revenue of $712.39 million for the quarter, compared to the consensus estimate of $698.05 million. As a group, analysts forecast that DocuSign, Inc. will post 0.87 EPS for the current year.

Insider Activity at DocuSign

In related news, Director Teresa Briggs sold 499 shares of the stock in a transaction dated 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 owns 6,169 shares in the company, valued at approximately $326,895.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Stephen Shute sold 15,109 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $57.02, for a total value of $861,515.18. Following the sale, the insider now owns 8,959 shares of the company’s stock, valued at approximately $510,842.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Teresa Briggs sold 499 shares of the company’s stock in a transaction 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 sale, the director now owns 6,169 shares of the company’s stock, valued at approximately $326,895.31. The disclosure for this sale can be found here. Insiders have sold a total of 55,277 shares of company stock worth $3,159,756 over the last ninety days. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DOCU has been the subject of a number of research analyst reports. UBS Group upgraded DocuSign from a “sell” rating to a “neutral” rating and boosted their price target for the company from $48.00 to $62.00 in a report on Friday, April 12th. JMP Securities reiterated a “market outperform” rating and set a $84.00 target price on shares of DocuSign in a research note on Friday, April 12th. Wells Fargo & Company reduced their price target on shares of DocuSign from $55.00 to $45.00 and set an “underweight” rating on the stock in a research report on Monday, February 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of DocuSign in a research report on Friday, April 12th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $59.00 price objective on shares of DocuSign in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.25.

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.