Jacobs Levy Equity Management 13F: Adds $71M to DOCU Stake

Jacobs Levy Equity Management Expands DocuSign Position

Jacobs Levy Equity Management boosted its stake in DocuSign, Inc. DOCU by 456.9% during the reporting period, according to a Form 13F filing with the U.S. Securities and Exchange Commission. The filing reflects holdings as of the end of the period and may not represent the investor's current position. The fund acquired an additional 1,597,996 shares, lifting its total investment to 1,947,712 shares. The reported value of the holding reached about $86.3 million based on the filing details.

DocuSign Shares Trade Near Lower Range

DocuSign shares traded at $44.30, placing the software maker near the bottom of its 52-week range between $40.16 and $86.27. The stock trades below its 50-day moving average of $60.00, though it remains near its 200-day moving average of $53.70. The company carries a market capitalization of roughly $12.82 billion and a forward P/E ratio of 13.18, reflecting shifting expectations for the electronic signature provider.

Recent Insider Activity

DocuSign saw insider transactions around the period, including a sale by a key executive. Chief Revenue Officer Paula Hansen sold 16,123 shares on June 15, 2026. Such transactions are common among corporate officers and do not necessarily signal a directional change in business fundamentals.

Wall Street Analysts Update Views

Multiple financial firms reviewed their outlooks on the software provider, adjusting price targets across the board. On September 4, 2026, Piper Sandler maintained its Neutral rating and raised its target to $75.00 from $52.00. On the same date, Citigroup maintained a Neutral rating while lifting its target to $72.00 from $54.00. Morgan Stanley kept an Equal-Weight rating, moving its target to $75.00 from $69.00. B of A Securities held an Underperform rating, nudging its target to $64.00 from $58.00. Baird kept a Neutral rating and set a $72.00 target, up from $55.00. Wells Fargo maintained an Equal-Weight rating with a $60.00 target, up from $55.00. RBC Capital kept a Sector Perform rating with a $70.00 target, and UBS maintained a Neutral rating with a $70.00 target. The broader analyst consensus currently leans toward a hold rating with a mean price target of $69.29.

About DocuSign, Inc.

DocuSign, Inc. provides electronic signature software and an intelligent agreement management platform. The San Francisco-based company helps businesses automate agreement workflows, manage contracts, and verify signer identities across multiple devices and industries.

What to Watch at DocuSign, Inc.

Investors tracking Jacobs Levy Equity Management will look to future quarterly filings to see whether the fund maintains or alters its large position. DocuSign is scheduled to release its next round of earnings on December 3, 2026, which will provide fresh data on revenue growth and profit margins.