Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. lifted its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 68.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,143 shares of the technology company's stock after acquiring an additional 5,770 shares during the period. Prudential Financial Inc.'s holdings in Guidewire Software were worth $2,384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GWRE. Smartleaf Asset Management LLC lifted its stake in shares of Guidewire Software by 10.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock valued at $100,000 after purchasing an additional 56 shares during the last quarter. Hanseatic Management Services Inc. lifted its position in Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock worth $91,000 after buying an additional 58 shares during the last quarter. Norden Group LLC boosted 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 buying an additional 61 shares during the period. Argonautica Private Wealth Management Inc. raised its stake in shares of Guidewire Software by 1.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock valued at $681,000 after acquiring an additional 75 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Guidewire Software by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 2,582 shares of the technology company's stock worth $435,000 after acquiring an additional 131 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. The Goldman Sachs Group increased their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. One equities 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $206.08.

Guidewire Software Stock Down 1.7 %

GWRE traded down $2.94 during trading on Tuesday, hitting $172.43. The stock had a trading volume of 924,282 shares, compared to its average volume of 898,035. The stock has a 50 day simple moving average of $196.89 and a two-hundred day simple moving average of $189.17. The company has a market capitalization of $14.46 billion, a PE ratio of 478.96, a PEG ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced 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 business had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. On average, research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In related news, insider James Winston King sold 270 shares of the 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $167.82, for a total transaction of $234,948.00. Following the transaction, the chief executive officer now directly owns 258,593 shares of the company's stock, valued at $43,397,077.26. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,280 shares of company stock worth $8,085,170. 0.48% of the stock is owned by corporate insiders.

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.