Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 53.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,962 shares of the technology company's stock after selling 52,412 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Guidewire Software worth $8,408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Angeles Wealth Management LLC bought a new position in Guidewire Software in the 3rd quarter worth about $491,000. Conestoga Capital Advisors LLC raised its stake in shares of Guidewire Software by 0.8% in the third quarter. Conestoga Capital Advisors LLC now owns 235,075 shares of the technology company's stock worth $43,005,000 after purchasing an additional 1,878 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Guidewire Software by 244.1% during the third quarter. Stephens Inc. AR now owns 8,365 shares of the technology company's stock valued at $1,530,000 after buying an additional 5,934 shares during the last quarter. Smith Group Asset Management LLC purchased a new position in Guidewire Software in the 3rd quarter worth about $609,000. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of Guidewire Software by 219.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company's stock valued at $1,139,000 after acquiring an additional 4,161 shares during the last quarter.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded up $0.05 during trading on Friday, hitting $195.13. 296,246 shares of the company's stock were exchanged, compared to its average volume of 694,447. The business's 50-day simple moving average is $177.98 and its 200 day simple moving average is $148.50. Guidewire Software, Inc. has a 52-week low of $89.36 and a 52-week high of $196.65. The company has a market cap of $16.30 billion, a price-to-earnings ratio of -2,436.45, a PEG ratio of 47.99 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President John P. Mullen sold 1,350 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the sale, the president now directly owns 190,611 shares of the company's stock, valued at $35,773,872.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the firm's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the transaction, the president now owns 190,611 shares of the company's stock, valued at approximately $35,773,872.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now directly owns 48,237 shares in the company, valued at approximately $8,328,600.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,601 shares of company stock worth $9,050,448. Corporate insiders own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Oppenheimer restated an "outperform" rating and issued a $200.00 target price (up previously from $185.00) on shares of Guidewire Software in a report on Friday, October 11th. DA Davidson reiterated a "buy" rating and set a $168.00 price objective on shares of Guidewire Software in a research report on Friday, September 6th. BTIG Research raised their target price on Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Robert W. Baird increased their price objective on shares of Guidewire Software from $175.00 to $204.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada boosted their target price on shares of Guidewire Software from $180.00 to $215.00 and gave the company an "outperform" rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.62.

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.