Fjarde AP Fonden Fourth Swedish National Pension Fund Has $5.50 Million Stake in DocuSign, Inc. (NASDAQ:DOCU)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of DocuSign, Inc. (NASDAQ:DOCU) by 17.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,200 shares of the company’s stock after purchasing 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 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DOCU. KBC Group NV lifted its holdings in DocuSign by 209.8% in the third quarter. KBC Group NV now owns 1,156,874 shares of the company’s stock valued at $71,830,000 after buying an additional 783,419 shares during the period. Fiera Capital Corp acquired a new position in DocuSign in the fourth quarter valued at approximately $47,920,000. Principal Financial Group Inc. lifted its holdings in DocuSign by 3,026.7% in the fourth quarter. Principal Financial Group Inc. now owns 546,796 shares of the company’s stock valued at $49,179,000 after buying an additional 529,308 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in DocuSign by 42.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,459,580 shares of the company’s stock valued at $90,625,000 after buying an additional 434,312 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in DocuSign by 5,660.8% in the third quarter. International Assets Investment Management LLC now owns 438,914 shares of the company’s stock valued at $27,252,000 after buying an additional 431,295 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.

DocuSign Stock Down 2.4 %

Shares of NASDAQ:DOCU opened at $81.69 on Wednesday. DocuSign, Inc. has a 12 month low of $48.70 and a 12 month high of $107.86. The company’s fifty day simple moving average is $91.12 and its 200 day simple moving average is $77.29. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 6.94 and a beta of 0.89.

Insider Buying and Selling at DocuSign

In other DocuSign news, Director Daniel D. Springer sold 581,588 shares of DocuSign stock in a transaction on 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 sale, the director now directly owns 906,430 shares in the company, valued at approximately $87,959,967.20. The trade was a 39.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Allan C. Thygesen sold 7,763 shares of DocuSign stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $80.54, for a total transaction of $625,232.02. Following the completion of the sale, the chief executive officer now owns 100,062 shares in the company, valued at $8,058,993.48. The trade was a 7.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 693,773 shares of company stock worth $66,727,926. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DOCU shares. Robert W. Baird increased their target price on shares of DocuSign from $59.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Jefferies Financial Group increased their target price on shares of DocuSign from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Citigroup increased their target price on shares of DocuSign from $87.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group increased their target price on shares of DocuSign from $60.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $124.00 target price on shares of DocuSign in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $92.45.

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.