Asset Management One Co. Ltd. Increases Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Asset Management One Co. Ltd. raised its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,218 shares of the technology company's stock after acquiring an additional 5,208 shares during the period. Asset Management One Co. Ltd. owned approximately 0.09% of Guidewire Software worth $13,490,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Hanseatic Management Services Inc. raised its position 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 valued at $91,000 after buying an additional 58 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after purchasing an additional 60 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company's stock worth $448,000 after buying an additional 87 shares during the last quarter. Signaturefd LLC grew its stake in shares of Guidewire Software by 2.4% during the third quarter. Signaturefd LLC now owns 6,051 shares of the technology company's stock worth $1,107,000 after buying an additional 139 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after buying an additional 145 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on GWRE. JMP Securities reaffirmed a "market outperform" rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. DA Davidson reaffirmed a "buy" rating and set a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $204.50.

Insiders Place Their Bets

In other news, President John P. Mullen sold 7,165 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the completion of the sale, the president now owns 182,096 shares in the company, valued at $31,149,341.76. This represents a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the company's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now owns 281,730 shares of the company's stock, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,556 shares of company stock worth $6,820,145. Insiders own 0.48% of the company's stock.

Guidewire Software Stock Down 1.6 %

GWRE traded down $3.51 during trading on Thursday, hitting $209.78. 1,018,573 shares of the company's stock were exchanged, compared to its average volume of 1,373,759. 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 business's 50 day moving average is $189.01 and its two-hundred day moving average is $180.49. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The stock has a market cap of $17.52 billion, a P/E ratio of 582.72, a PEG ratio of 38.20 and a beta of 1.25.

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.