Arrowstreet Capital Limited Partnership Has $194.12 Million Holdings in DocuSign, Inc. (NASDAQ:DOCU)

Arrowstreet Capital Limited Partnership increased its stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) by 201.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,158,311 shares of the company's stock after acquiring an additional 1,442,639 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.07% of DocuSign worth $194,118,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. PARUS FINANCE UK Ltd acquired a new position in DocuSign in the 4th quarter valued at approximately $1,862,000. Allstate Corp bought a new stake in shares of DocuSign during the fourth quarter valued at approximately $531,000. Horizon Investment Services LLC acquired a new position in shares of DocuSign in the fourth quarter valued at $479,000. DnB Asset Management AS lifted its position in DocuSign by 12.0% in the fourth quarter. DnB Asset Management AS now owns 37,620 shares of the company's stock worth $3,384,000 after purchasing an additional 4,020 shares during the period. Finally, Level Four Advisory Services LLC lifted its position in DocuSign by 2.3% in the fourth quarter. Level Four Advisory Services LLC now owns 106,826 shares of the company's stock worth $9,608,000 after purchasing an additional 2,370 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DocuSign

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $86.90, for a total value of $695,200.00. Following the transaction, the chief financial officer now owns 77,851 shares in the company, valued at $6,765,251.90. This trade represents a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Chatwani sold 15,706 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $83.19, for a total value of $1,306,582.14. Following the sale, the insider now directly owns 76,842 shares of the company's stock, valued at $6,392,485.98. This represents a 16.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,851 shares of company stock valued at $4,911,319 over the last quarter. Corporate insiders own 1.66% of the company's stock.

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Wall Street Analyst Weigh In

DOCU has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of DocuSign from $62.00 to $97.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Citigroup increased their price target 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. JPMorgan Chase & Co. upgraded shares of DocuSign from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $70.00 to $75.00 in a research note on Monday, March 10th. Hsbc Global Res upgraded DocuSign to a "moderate sell" rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $90.00 target price on shares of DocuSign in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $95.83.

DocuSign Stock Performance

DocuSign stock traded down $5.16 on Friday, reaching $72.21. The company's stock had a trading volume of 2,881,620 shares, compared to its average volume of 2,695,171. The business's fifty day moving average price is $86.02 and its 200 day moving average price is $81.98. The company has a market cap of $14.62 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 6.94 and a beta of 1.20. DocuSign, Inc. has a twelve month low of $48.70 and a twelve month high of $107.86.

DocuSign (NASDAQ:DOCU - Get Free Report) last issued its quarterly 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. DocuSign had a net margin of 34.73% and a return on equity of 14.90%. The business had revenue of $776.25 million for the quarter, compared to the consensus estimate of $760.94 million. During the same quarter in the prior year, the company earned $0.76 EPS. The firm's quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts forecast that DocuSign, Inc. will post 1.17 earnings per share 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.