Janus Henderson Group PLC Has $29.72 Million Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Janus Henderson Group PLC increased its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 355.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,447 shares of the technology company's stock after purchasing an additional 126,806 shares during the period. Janus Henderson Group PLC owned about 0.19% of Guidewire Software worth $29,719,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cetera Investment Advisers raised its stake in shares of Guidewire Software by 648.0% in the 1st quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company's stock valued at $2,114,000 after buying an additional 15,695 shares in the last quarter. CWM LLC increased its holdings in shares of Guidewire Software by 80.1% during the second quarter. CWM LLC now owns 5,231 shares of the technology company's stock worth $721,000 after buying an additional 2,327 shares in the last quarter. Simplicity Wealth LLC raised its position in Guidewire Software by 7.0% in the 2nd quarter. Simplicity Wealth LLC now owns 2,659 shares of the technology company's stock valued at $367,000 after purchasing an additional 173 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Guidewire Software in the second quarter valued at about $264,000. Finally, SG Americas Securities LLC lifted its position in shares of Guidewire Software by 453.8% during the second quarter. SG Americas Securities LLC now owns 19,798 shares of the technology company's stock worth $2,730,000 after purchasing an additional 16,223 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GWRE. Wells Fargo & Company upped their price target on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the company an "overweight" rating in a report on Friday. DA Davidson reaffirmed a "buy" rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday. Citigroup increased their price target on Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Finally, Stifel Nicolaus lifted their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and a consensus target price of $193.00.

Insider Activity

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

Guidewire Software Price Performance

Shares of Guidewire Software stock traded down $29.00 during trading hours on Friday, hitting $177.57. The company's stock had a trading volume of 4,582,067 shares, compared to its average volume of 737,541. The company has a market capitalization of $14.83 billion, a PE ratio of 493.25, a price-to-earnings-growth ratio of 53.58 and a beta of 1.18. The stock has a 50 day moving average of $191.58 and a 200 day moving average of $160.81. Guidewire Software, Inc. has a 12 month low of $95.02 and a 12 month high of $209.15.

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

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.