B. Metzler seel. Sohn & Co. Holding AG Purchases New Stake in Guidewire Software, Inc. (NYSE:GWRE)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 20,551 shares of the technology company's stock, valued at approximately $3,760,000.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. raised 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 valued at $31,000 after acquiring an additional 145 shares in the last quarter. Rothschild Investment LLC purchased a new position in Guidewire Software during the 2nd quarter valued at about $31,000. DT Investment Partners LLC purchased a new position in Guidewire Software during the second quarter valued at approximately $41,000. Lynx Investment Advisory bought a new position in Guidewire Software in the second quarter worth approximately $41,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 worth $63,000 after buying an additional 60 shares during the period.

Insider Buying and Selling

In other news, President John P. Mullen sold 1,350 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the completion of the transaction, the president now directly owns 189,261 shares of the company's stock, valued at $37,420,684.92. This represents a 0.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the sale, the insider now directly owns 48,237 shares in the company, valued at $8,328,600.42. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is owned by company insiders.

Guidewire Software Stock Up 0.4 %

Shares of NYSE GWRE opened at $197.23 on Thursday. The firm's 50 day simple moving average is $185.13 and its 200-day simple moving average is $153.97. Guidewire Software, Inc. has a 12 month low of $95.02 and a 12 month high of $199.33.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company had revenue of $291.50 million during the quarter, compared to analysts' expectations of $283.84 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts predict that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GWRE. JMP Securities raised their price objective on Guidewire Software from $179.00 to $200.00 and gave the company a "market outperform" rating in a research report on Friday, October 11th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, October 11th. BTIG Research upped their price objective on shares of Guidewire Software from $140.00 to $165.00 and gave the company a "buy" rating in a report on Friday, August 30th. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Citigroup upped their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Guidewire Software currently has a consensus rating of "Moderate Buy" and an average price target of $183.69.

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.