Vanguard Group Inc. Raises Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Vanguard Group Inc. increased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.1% during the 4th quarter, Holdings Channel reports. The fund owned 8,455,534 shares of the technology company’s stock after purchasing an additional 90,618 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Guidewire Software worth $1,425,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GWRE. Point72 Asset Management L.P. purchased a new position in shares of Guidewire Software during the 3rd quarter valued at approximately $26,501,000. Janus Henderson Group PLC increased its holdings in Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock valued at $29,719,000 after buying an additional 126,806 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Guidewire Software by 192.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company’s stock valued at $22,635,000 after buying an additional 88,304 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Guidewire Software in the fourth quarter worth about $12,050,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Guidewire Software by 42.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 213,527 shares of the technology company’s stock worth $35,996,000 after acquiring an additional 63,199 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GWRE shares. Wells Fargo & Company upped their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. The Goldman Sachs Group increased their target price on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Oppenheimer boosted their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, Royal Bank of Canada boosted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Trading Down 1.1 %

Shares of GWRE stock opened at $191.44 on Friday. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The company has a 50 day moving average price of $199.18 and a 200 day moving average price of $188.39. The stock has a market capitalization of $16.06 billion, a P/E ratio of 531.77, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The business had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Equities research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Transactions at Guidewire Software

In related news, insider James Winston King sold 270 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the sale, the insider now owns 45,664 shares of the company’s stock, valued at $7,981,153.92. This trade represents a 0.59 % 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, CFO Jeffrey Elliott Cooper sold 300 shares of Guidewire Software stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $52,434.00. Following the completion of the sale, the chief financial officer now directly owns 73,494 shares of the company’s stock, valued at $12,845,281.32. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,180 shares of company stock worth $7,159,763. Company insiders own 0.48% of the company’s stock.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.