Assenagon Asset Management S.A. Buys 63,199 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Assenagon Asset Management S.A. grew its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 42.0% in the fourth quarter, Holdings Channel reports. The fund owned 213,527 shares of the technology company’s stock after acquiring an additional 63,199 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Guidewire Software were worth $35,996,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Icon Wealth Advisors LLC grew its holdings in Guidewire Software by 72.4% during the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after purchasing an additional 2,512 shares during the period. Whale Rock Capital Management LLC lifted its position in shares of Guidewire Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after buying an additional 31,512 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Guidewire Software by 326.8% during the 3rd quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after acquiring an additional 16,692 shares during the period. Xponance Inc. increased its holdings in Guidewire Software by 79.8% in the 2nd quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after acquiring an additional 3,066 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in Guidewire Software by 219.5% in the 3rd quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock valued at $1,139,000 after acquiring an additional 4,161 shares during the period.

Insider Activity

In related news, insider James Winston King sold 270 shares of the company’s 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 $47,190.60. Following the completion of the transaction, the insider now owns 45,664 shares in the company, valued at $7,981,153.92. This represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the sale, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,206 shares of company stock valued at $4,889,435. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GWRE. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Oppenheimer raised their price objective 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. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Robert W. Baird raised their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, DA Davidson reiterated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $180.01 on Friday. The firm has a market capitalization of $15.03 billion, a PE ratio of 500.03, a price-to-earnings-growth ratio of 44.47 and a beta of 1.23. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $209.15. The business’s 50-day moving average price is $183.32 and its 200-day moving average price is $169.45. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

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.