Van ECK Associates Corp Trims Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Van ECK Associates Corp lessened its holdings in shares of Guidewire Software, Inc. (NYSE:GWREFree Report) by 95.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,616 shares of the technology company’s stock after selling 2,024,378 shares during the period. Van ECK Associates Corp owned approximately 0.11% of Guidewire Software worth $9,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Guidewire Software by 0.5% in the third quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock valued at $724,092,000 after purchasing an additional 38,954 shares during the period. Bamco Inc. NY raised its stake in shares of Guidewire Software by 0.6% in the 3rd quarter. Bamco Inc. NY now owns 6,238,882 shares of the technology company’s stock valued at $561,499,000 after acquiring an additional 36,895 shares during the period. Invesco Ltd. raised its stake in shares of Guidewire Software by 141.4% in the 3rd quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock valued at $165,831,000 after acquiring an additional 1,079,268 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Guidewire Software by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 507,155 shares of the technology company’s stock valued at $45,644,000 after purchasing an additional 3,691 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Guidewire Software by 1.7% during the 3rd quarter. Northern Trust Corp now owns 481,385 shares of the technology company’s stock worth $43,325,000 after buying an additional 7,922 shares during the period.

Insider Buying and Selling

In related news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the sale, the insider now directly owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the transaction, the insider now directly owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,435 shares of company stock valued at $1,053,821. Insiders own 0.38% of the company’s stock.

Guidewire Software Price Performance

NYSE:GWRE opened at $113.29 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. The firm has a 50-day moving average price of $114.39 and a two-hundred day moving average price of $107.20. Guidewire Software, Inc. has a twelve month low of $68.45 and a twelve month high of $122.35.

Guidewire Software (NYSE:GWREGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. The business had revenue of $240.90 million during the quarter, compared to the consensus estimate of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. Analysts expect that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Raymond James began coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target for the company. Oppenheimer increased their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Finally, DA Davidson restated a “buy” rating and issued a $126.00 target price on shares of Guidewire Software in a research note on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.11.

Check Out Our Latest Stock Analysis on Guidewire Software

About Guidewire Software

(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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