Amundi Purchases 4,445 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Amundi boosted its position in Guidewire Software, Inc. (NYSE:GWRE) by 32.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,299 shares of the technology company’s stock after acquiring an additional 4,445 shares during the quarter. Amundi’s holdings in Guidewire Software were worth $3,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in Guidewire Software in the fourth quarter valued at $25,000. Assetmark Inc. increased its stake in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Guidewire Software in the third quarter valued at $33,000. Cullen Frost Bankers Inc. bought a new position in shares of Guidewire Software during the fourth quarter valued at about $34,000. Finally, Brooklyn Investment Group bought a new position in shares of Guidewire Software during the third quarter valued at about $42,000.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the completion of the transaction, the chief executive officer now directly owns 274,730 shares in the company, valued at approximately $58,979,036.40. This trade represents a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Winston King sold 1,509 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the transaction, the insider now owns 46,728 shares of the company’s stock, valued at $7,993,291.68. The trade was a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,056 shares of company stock worth $8,094,892. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Wells Fargo & Company raised their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Robert W. Baird raised their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Stifel Nicolaus raised their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer raised their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Stock Performance

Shares of GWRE opened at $185.85 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The company has a 50-day simple moving average of $195.28 and a two-hundred day simple moving average of $186.10. The firm has a market capitalization of $15.52 billion, a PE ratio of 516.26, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31.

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

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.