Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by Amundi

Amundi increased its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 32.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,299 shares of the technology company's stock after purchasing an additional 4,445 shares during the period. Amundi's holdings in Guidewire Software were worth $3,141,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Atomi Financial Group Inc. boosted its position in shares of Guidewire Software by 22.2% during the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock worth $453,000 after acquiring an additional 488 shares during the last quarter. Donoghue Forlines LLC bought a new position in shares of Guidewire Software during the 4th quarter valued at about $2,110,000. Icon Wealth Advisors LLC grew its position in shares of Guidewire Software by 72.4% during the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company's stock valued at $1,095,000 after purchasing an additional 2,512 shares in the last quarter. GDS Wealth Management grew its position in shares of Guidewire Software by 618.5% during the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock valued at $3,161,000 after purchasing an additional 16,142 shares in the last quarter. Finally, Whale Rock Capital Management LLC increased its holdings in shares of Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company's stock worth $177,954,000 after purchasing an additional 31,512 shares during the last quarter.

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Guidewire Software Stock Down 1.5 %

Shares of GWRE stock traded down $3.01 during trading hours on Thursday, reaching $193.25. 948,177 shares of the company's stock were exchanged, compared to its average volume of 861,534. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market cap of $16.21 billion, a PE ratio of 536.81, a PEG ratio of 37.21 and a beta of 1.31. The stock's fifty day moving average price is $196.62 and its two-hundred day moving average price is $186.78.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million for 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%. Research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on GWRE shares. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. JMP Securities reiterated a "market outperform" rating and issued a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Oppenheimer raised their price target on Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $206.08.

Insider Buying and Selling

In related news, President John P. Mullen sold 1,350 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $170.43, for a total transaction of $230,080.50. Following the completion of the transaction, the president now owns 180,746 shares in the company, valued at $30,804,540.78. This represents a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $244,692.00. Following the transaction, the chief executive officer now owns 280,330 shares in the company, valued at approximately $48,996,077.40. This represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,174 shares of company stock worth $6,746,147. 0.48% of the stock is owned by company insiders.

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.