Guidewire Software, Inc. (NYSE:GWRE) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 522,586 shares of the technology company's stock after buying an additional 4,386 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.63% of Guidewire Software worth $88,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Assetmark Inc. grew its stake in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after acquiring an additional 145 shares in the last quarter. Chartwell Investment Partners LLC purchased a new position in Guidewire Software in the third quarter valued at $1,502,000. GDS Wealth Management purchased a new stake in Guidewire Software during the 3rd quarter worth about $477,000. Lisanti Capital Growth LLC raised its position in Guidewire Software by 138.2% in the 3rd quarter. Lisanti Capital Growth LLC now owns 37,725 shares of the technology company's stock valued at $6,901,000 after purchasing an additional 21,890 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Guidewire Software in the 3rd quarter valued at about $1,022,000.

Guidewire Software Trading Up 5.6 %

Shares of NYSE:GWRE traded up $9.84 during midday trading on Friday, reaching $185.85. The company's stock had a trading volume of 1,378,567 shares, compared to its average volume of 1,329,038. The business has a 50 day moving average price of $195.00 and a 200 day moving average price of $185.29. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 516.26, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

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Guidewire Software (NYSE:GWRE - Get Free Report) last issued 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). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. Research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 281,730 shares of the company's stock, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James Winston King sold 270 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the sale, the insider now owns 45,664 shares of the company's stock, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,056 shares of company stock valued at $8,094,892 over the last 90 days. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GWRE. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. raised their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. The Goldman Sachs Group upped their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. JMP Securities reaffirmed a "market outperform" rating and issued a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Finally, Wells Fargo & Company increased their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $206.08.

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.