Swiss National Bank Grows Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Swiss National Bank raised its stake in Guidewire Software, Inc. (NYSE:GWRE) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,100 shares of the technology company’s stock after buying an additional 1,700 shares during the period. Swiss National Bank’s holdings in Guidewire Software were worth $26,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its holdings in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after purchasing an additional 679,558 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Guidewire Software in the 3rd quarter valued at about $26,501,000. Janus Henderson Group PLC raised its holdings in shares of Guidewire Software by 355.8% in the 3rd quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock valued at $29,719,000 after purchasing an additional 126,806 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Guidewire Software by 192.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company’s stock valued at $22,635,000 after purchasing an additional 88,304 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Guidewire Software in the 4th quarter valued at about $12,050,000.

Insider Buying and Selling at Guidewire Software

In other news, insider James Winston King sold 794 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $174.43, for a total value of $138,497.42. Following the sale, the insider now directly owns 45,934 shares of the company’s stock, valued at $8,012,267.62. This represents a 1.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $170.04, for a total transaction of $238,056.00. Following the completion of the sale, the chief executive officer now directly owns 269,130 shares in the company, valued at $45,762,865.20. This trade represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,622 shares of company stock worth $5,112,632. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GWRE has been the subject of several recent research reports. Royal Bank of Canada boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. 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. Finally, JMP Securities reiterated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Trading Up 3.1 %

Shares of Guidewire Software stock opened at $191.66 on Tuesday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 532.39, a PEG ratio of 37.21 and a beta of 1.31. The firm’s 50 day simple moving average is $195.71 and its two-hundred day simple moving average is $186.41.

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

Guidewire Software Company Profile

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.