Banco Santander S.A. Makes New Investment in Guidewire Software, Inc. (NYSE:GWRE)

Banco Santander S.A. bought a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,531 shares of the technology company's stock, valued at approximately $427,000.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in Guidewire Software by 10.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock worth $100,000 after acquiring an additional 56 shares during the last quarter. Hanseatic Management Services Inc. increased its stake in Guidewire Software by 12.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock worth $91,000 after acquiring an additional 58 shares during the last quarter. Norden Group LLC increased its stake in Guidewire Software by 5.2% during the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock worth $208,000 after acquiring an additional 61 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its stake in Guidewire Software by 1.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock worth $681,000 after acquiring an additional 75 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in 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 acquiring an additional 87 shares during the last quarter.

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Guidewire Software Stock Up 3.7 %

Guidewire Software stock traded up $6.19 during mid-day trading on Tuesday, reaching $172.93. 1,764,424 shares of the company were exchanged, compared to its average volume of 1,331,742. The business has a fifty day moving average of $194.72 and a 200 day moving average of $185.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market cap of $14.44 billion, a P/E ratio of 480.37, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates 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 anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In other news, insider James Winston King sold 270 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the completion of the sale, the insider now owns 45,664 shares in the company, valued at approximately $7,981,153.92. This represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,056 shares of company stock worth $8,094,892. Insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GWRE. Robert W. Baird boosted their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday. The Goldman Sachs Group upped their target price on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Royal Bank of Canada upped their target price on Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Oppenheimer upped their target price on Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their target price on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $206.08.

Guidewire Software 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.