Oregon Public Employees Retirement Fund Invests $3.72 Million in DocuSign, Inc. (NASDAQ:DOCU)

Oregon Public Employees Retirement Fund acquired a new stake in shares of DocuSign, Inc. (NASDAQ:DOCU - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,300 shares of the company's stock, valued at approximately $3,715,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its position in DocuSign by 2.3% in the 3rd quarter. State Street Corp now owns 5,372,939 shares of the company's stock worth $333,604,000 after purchasing an additional 120,743 shares during the period. Geode Capital Management LLC grew its stake in shares of DocuSign by 1.6% during the third quarter. Geode Capital Management LLC now owns 3,483,184 shares of the company's stock valued at $215,789,000 after buying an additional 53,554 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of DocuSign by 5.2% in the third quarter. Thrivent Financial for Lutherans now owns 2,277,312 shares of the company's stock worth $141,398,000 after buying an additional 112,919 shares during the period. FMR LLC lifted its stake in shares of DocuSign by 16.8% during the 3rd quarter. FMR LLC now owns 2,192,885 shares of the company's stock worth $136,156,000 after acquiring an additional 315,073 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in DocuSign by 61.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,673,612 shares of the company's stock valued at $150,525,000 after acquiring an additional 637,505 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Hsbc Global Res upgraded DocuSign to a "moderate sell" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted 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. HSBC restated a "reduce" rating on shares of DocuSign in a research note on Friday, December 6th. Morgan Stanley lifted their price target 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. Finally, Wells Fargo & Company increased their price objective on DocuSign from $50.00 to $70.00 and gave the stock an "underweight" 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 given a buy rating to the company. Based on data from MarketBeat, DocuSign currently has a consensus rating of "Hold" and a consensus price target of $92.45.

Insiders Place Their Bets

In related news, CFO Blake Jeffrey Grayson sold 8,000 shares of the business's stock in a transaction 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 directly owns 77,851 shares in the company, valued at $6,765,251.90. The trade was a 9.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel D. Springer sold 581,588 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $97.04, for a total value of $56,437,299.52. Following the transaction, the director now directly owns 906,430 shares in the company, valued at $87,959,967.20. This represents a 39.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 686,010 shares of company stock valued at $66,102,694. 1.66% of the stock is currently owned by insiders.

DocuSign Stock Down 1.8 %

Shares of DocuSign stock traded down $1.47 on Monday, reaching $81.70. The stock had a trading volume of 1,560,440 shares, compared to its average volume of 2,031,135. The stock has a market capitalization of $16.51 billion, a P/E ratio of 16.85, a P/E/G ratio of 6.94 and a beta of 0.89. The company has a 50 day moving average price of $90.43 and a 200 day moving average price of $77.90. 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.