Resona Asset Management Co. Ltd. Acquires Shares of 3,598 Guidewire Software, Inc. (NYSE:GWRE)

Resona Asset Management Co. Ltd. bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,598 shares of the technology company's stock, valued at approximately $607,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atomi Financial Group Inc. increased its holdings in shares of Guidewire Software by 22.2% in the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock worth $453,000 after buying an additional 488 shares during the last quarter. Donoghue Forlines LLC bought a new position in Guidewire Software during the 4th quarter valued at about $2,110,000. GDS Wealth Management raised its position in Guidewire Software by 618.5% in the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock worth $3,161,000 after purchasing an additional 16,142 shares during the period. Banco Santander S.A. bought a new stake in Guidewire Software in the fourth quarter worth about $427,000. Finally, Truist Financial Corp grew its stake in shares of Guidewire Software by 21.8% during the fourth quarter. Truist Financial Corp now owns 9,645 shares of the technology company's stock valued at $1,626,000 after buying an additional 1,724 shares during the last quarter.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total value of $432,285.00. Following the sale, the president now owns 164,030 shares in the company, valued at approximately $30,829,438.50. This represents a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 14th. The stock was sold at an average price of $194.90, for a total transaction of $272,860.00. Following the sale, the chief executive officer now directly owns 257,193 shares in the company, valued at $50,126,915.70. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,471 shares of company stock valued at $7,272,821 over the last quarter. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Stock Up 0.2 %

GWRE stock traded up $0.33 during trading on Wednesday, reaching $193.96. 88,533 shares of the company traded hands, compared to its average volume of 1,166,665. The company has a market capitalization of $16.27 billion, a price-to-earnings ratio of 538.78, a price-to-earnings-growth 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. The business has a 50 day simple moving average of $193.97 and a 200 day simple moving average of $189.67. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS 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 for the quarter, compared to the consensus estimate of $285.74 million. On average, equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

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.