Guidewire Software, Inc. (NYSE:GWRE) Stake Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 42.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,527 shares of the technology company's stock after acquiring an additional 63,199 shares during the period. Assenagon Asset Management S.A. owned 0.26% of Guidewire Software worth $35,996,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GWRE. Icon Wealth Advisors LLC increased its stake in Guidewire Software by 72.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company's stock worth $1,095,000 after acquiring an additional 2,512 shares during the last quarter. Whale Rock Capital Management LLC boosted its position in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company's stock valued at $177,954,000 after buying an additional 31,512 shares during the period. Cerity Partners LLC grew its stake in Guidewire Software by 326.8% in the 3rd quarter. Cerity Partners LLC now owns 21,799 shares of the technology company's stock worth $3,988,000 after acquiring an additional 16,692 shares in the last quarter. Xponance Inc. raised its stake in shares of Guidewire Software by 79.8% during the second quarter. Xponance Inc. now owns 6,908 shares of the technology company's stock valued at $953,000 after acquiring an additional 3,066 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of Guidewire Software by 219.5% in the third quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company's stock valued at $1,139,000 after purchasing an additional 4,161 shares during the period.

Analysts Set New Price Targets

Several brokerages have weighed in on GWRE. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Friday, December 6th. JMP Securities reissued a "market outperform" rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. JPMorgan Chase & Co. upped their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Oppenheimer increased their target price on Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Robert W. Baird boosted their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $193.00.

Guidewire Software Price Performance

Shares of GWRE traded down $0.63 during mid-day trading on Friday, reaching $179.13. 99,478 shares of the company's stock were exchanged, compared to its average volume of 734,922. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a 50-day simple moving average of $183.32 and a two-hundred day simple moving average of $169.45. The company has a market cap of $14.96 billion, a price-to-earnings ratio of 498.46, a PEG ratio of 44.47 and a beta of 1.23. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $209.15.

Insiders Place Their Bets

In other news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the sale, the president now owns 189,261 shares in the company, valued at $37,420,684.92. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the sale, the chief executive officer now owns 281,730 shares in the company, valued at $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,206 shares of company stock valued at $4,889,435 in the last quarter. 0.48% of the stock is currently 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.