Assenagon Asset Management S.A. Acquires 4,428 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Assenagon Asset Management S.A. raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWREFree Report) by 9.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,673 shares of the technology company’s stock after purchasing an additional 4,428 shares during the period. Assenagon Asset Management S.A. owned 0.06% of Guidewire Software worth $4,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CENTRAL TRUST Co bought a new position in shares of Guidewire Software in the 3rd quarter worth approximately $29,000. Pinebridge Investments L.P. raised its position in shares of Guidewire Software by 490.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 390 shares of the technology company’s stock worth $30,000 after acquiring an additional 324 shares in the last quarter. Castleview Partners LLC bought a new position in shares of Guidewire Software in the 3rd quarter worth approximately $40,000. Huntington National Bank raised its position in shares of Guidewire Software by 38.8% in the 2nd quarter. Huntington National Bank now owns 533 shares of the technology company’s stock worth $41,000 after acquiring an additional 149 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its position in shares of Guidewire Software by 28.1% in the 4th quarter. 1832 Asset Management L.P. now owns 707 shares of the technology company’s stock worth $44,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Insider Transactions at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 458 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.10, for a total value of $51,341.80. Following the transaction, the chief financial officer now directly owns 72,386 shares in the company, valued at approximately $8,114,470.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Jeffrey Elliott Cooper sold 458 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.10, for a total value of $51,341.80. Following the transaction, the chief financial officer now directly owns 72,386 shares in the company, valued at approximately $8,114,470.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Priscilla Hung sold 6,310 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $100.00, for a total value of $631,000.00. Following the completion of the transaction, the chief operating officer now owns 41,963 shares in the company, valued at $4,196,300. The disclosure for this sale can be found here. Insiders have sold a total of 19,368 shares of company stock worth $1,997,599 in the last ninety days. Insiders own 0.38% of the company’s stock.

Guidewire Software Stock Performance

Shares of GWRE opened at $111.68 on Thursday. The business’s fifty day simple moving average is $106.03 and its two-hundred day simple moving average is $93.81. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.33. Guidewire Software, Inc. has a 12 month low of $68.45 and a 12 month high of $117.25. The company has a market cap of $9.15 billion, a price-to-earnings ratio of -131.39 and a beta of 1.15.

Guidewire Software (NYSE:GWREGet Free Report) last released its quarterly earnings results on Thursday, December 7th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.06. The firm had revenue of $207.41 million for the quarter, compared to the consensus estimate of $201.00 million. Guidewire Software had a negative return on equity of 7.66% and a negative net margin of 7.59%. Research analysts anticipate that Guidewire Software, Inc. will post -0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

GWRE has been the subject of a number of analyst reports. Wells Fargo & Company raised Guidewire Software from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 20th. Stifel Nicolaus raised their price objective on Guidewire Software from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Oppenheimer raised their price objective on Guidewire Software from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, December 8th. JMP Securities raised their price objective on Guidewire Software from $100.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 15th. Finally, Robert W. Baird raised Guidewire Software from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $96.00 to $117.00 in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $101.20.

Read Our Latest Stock Report on Guidewire Software

Guidewire Software Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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