Robeco Institutional Asset Management B.V. Raises Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Robeco Institutional Asset Management B.V. raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 192.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,266 shares of the technology company's stock after buying an additional 88,304 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.16% of Guidewire Software worth $22,635,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GWRE. Versant Capital Management Inc bought a new position in Guidewire Software during the 4th quarter valued at about $25,000. Assetmark Inc. lifted its stake in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Guidewire Software in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group purchased a new position in shares of Guidewire Software in the 3rd quarter worth approximately $42,000. Finally, R Squared Ltd purchased a new stake in Guidewire Software during the 4th quarter valued at $47,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Robert W. Baird lifted their target price on Guidewire Software from $204.00 to $220.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Royal Bank of Canada lifted their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. The Goldman Sachs Group initiated coverage on Guidewire Software in a research note on Thursday, January 23rd. They set a "buy" rating and a $210.00 price target on the stock. Finally, DA Davidson restated a "buy" rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $202.00.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $201.90, for a total value of $282,660.00. Following the transaction, the chief executive officer now owns 277,530 shares in the company, valued at approximately $56,033,307. This represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President John P. Mullen sold 1,350 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $170.43, for a total value of $230,080.50. Following the completion of the transaction, the president now directly owns 180,746 shares of the company's stock, valued at approximately $30,804,540.78. This trade represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,706 shares of company stock worth $5,570,969 in the last 90 days. 0.48% of the stock is owned by company insiders.

Guidewire Software Price Performance

Shares of GWRE traded up $2.23 during mid-day trading on Monday, reaching $213.50. 453,954 shares of the stock traded hands, compared to its average volume of 1,637,026. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 593.69, a price-to-earnings-growth ratio of 54.93 and a beta of 1.25. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average price of $183.60 and a 200 day moving average price of $174.39. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $215.46.

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.