Pragma Gestao DE Patrimonio Ltd. Lowers Position in Guidewire Software, Inc. (NYSE:GWRE)

Pragma Gestao DE Patrimonio Ltd. reduced its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 17.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 47,000 shares of the technology company's stock after selling 10,000 shares during the quarter. Guidewire Software comprises about 4.4% of Pragma Gestao DE Patrimonio Ltd.'s holdings, making the stock its 14th largest position. Pragma Gestao DE Patrimonio Ltd. owned approximately 0.06% of Guidewire Software worth $8,598,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new position in Guidewire Software in the 2nd quarter worth approximately $31,000. DT Investment Partners LLC purchased a new position in shares of Guidewire Software during the 2nd quarter valued at approximately $41,000. Lynx Investment Advisory purchased a new position in shares of Guidewire Software during the 2nd quarter valued at approximately $41,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after buying an additional 60 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Guidewire Software during the 2nd quarter valued at approximately $55,000.

Insider Activity

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the transaction, the insider now directly owns 137,821 shares in the company, valued at $20,539,463.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Guidewire Software news, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the transaction, the insider now directly owns 48,237 shares of the company's stock, valued at $8,328,600.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the transaction, the insider now directly owns 137,821 shares of the company's stock, valued at $20,539,463.63. This represents a 0.00 % 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 $9,050,448 over the last 90 days. 0.38% of the stock is owned by company insiders.

Guidewire Software Trading Down 0.1 %

NYSE GWRE traded down $0.15 during trading on Friday, reaching $194.93. 832,023 shares of the company's stock were exchanged, compared to its average volume of 841,344. Guidewire Software, Inc. has a fifty-two week low of $89.36 and a fifty-two week high of $196.65. The firm has a market capitalization of $16.28 billion, a PE ratio of -2,436.32, a P/E/G ratio of 49.64 and a beta of 1.18. The company's fifty day simple moving average is $178.91 and its 200-day simple moving average is $149.34.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same period last year, the business earned $0.30 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. Equities analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on GWRE shares. Robert W. Baird raised their price objective on Guidewire Software from $175.00 to $204.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. BTIG Research raised their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Stifel Nicolaus increased their target price on Guidewire Software from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. The Goldman Sachs Group increased their target price on Guidewire Software from $146.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company increased their target price on Guidewire Software from $200.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Guidewire Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.62.

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.