Charles Schwab Investment Management Inc. Has $94.80 Million Stake in Guidewire Software, Inc. (NYSE:GWRE)

Charles Schwab Investment Management Inc. cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 518,200 shares of the technology company's stock after selling 6,675 shares during the period. Charles Schwab Investment Management Inc. owned about 0.62% of Guidewire Software worth $94,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its stake in shares of Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company's stock worth $626,918,000 after acquiring an additional 679,558 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company's stock valued at $472,220,000 after purchasing an additional 256,702 shares during the last quarter. Teca Partners LP purchased a new position in Guidewire Software during the second quarter worth about $25,893,000. Linonia Partnership LP increased its holdings in Guidewire Software by 8.4% in the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company's stock valued at $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Guidewire Software in the 2nd quarter valued at $22,318,000.

Guidewire Software Stock Performance

GWRE traded down $1.08 during trading on Wednesday, hitting $203.38. The stock had a trading volume of 161,758 shares, compared to its average volume of 696,010. The company has a 50 day simple moving average of $186.96 and a 200-day simple moving average of $156.04. Guidewire Software, Inc. has a 12 month low of $95.02 and a 12 month high of $207.10.

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

Analyst Ratings Changes

A number of analysts have weighed in on GWRE shares. Robert W. Baird raised their price target on Guidewire Software from $204.00 to $220.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. JMP Securities boosted their price target on shares of Guidewire Software from $200.00 to $231.00 and gave the stock a "market outperform" rating in a research note on Monday. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $170.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, October 3rd. Finally, DA Davidson reissued a "buy" rating and set a $168.00 price objective on shares of Guidewire Software in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $186.08.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now owns 287,662 shares of the company's stock, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John P. Mullen sold 6,718 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $1,156,570.88. Following the transaction, the insider now directly owns 160,099 shares in the company, valued at approximately $27,562,643.84. This represents a 4.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $9,116,179 in the last three months. 0.48% of the stock is owned by corporate 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.