Norges Bank Makes New $9.11 Million Investment in Guidewire Software, Inc. (NYSE:GWRE)

Norges Bank bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the fourth quarter, Holdings Channel reports. The fund bought 54,023 shares of the technology company’s stock, valued at approximately $9,107,000.

Several other large investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its stake in Guidewire Software by 10.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock worth $100,000 after purchasing an additional 56 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in shares of Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock worth $91,000 after buying an additional 58 shares in the last quarter. Norden Group LLC grew its holdings in shares of Guidewire Software by 5.2% during the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock valued at $208,000 after buying an additional 61 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its position in shares of Guidewire Software by 1.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock valued at $681,000 after acquiring an additional 75 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock worth $34,000 after acquiring an additional 99 shares during the last quarter.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $167.82, for a total value of $234,948.00. Following the completion of the transaction, the chief executive officer now directly owns 258,593 shares in the company, valued at $43,397,077.26. This represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 shares were sold at an average price of $174.78, for a total transaction of $52,434.00. Following the sale, the chief financial officer now owns 73,494 shares in the company, valued at approximately $12,845,281.32. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,280 shares of company stock valued at $8,085,170. Company insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $172.43 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock’s fifty day moving average is $196.89 and its 200 day moving average is $189.17. The stock has a market cap of $14.46 billion, a P/E ratio of 478.96, a P/E/G ratio of 37.21 and a beta of 1.19. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Robert W. Baird lifted their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $206.08.

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.