Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Swiss National Bank

Swiss National Bank grew its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,100 shares of the technology company's stock after purchasing an additional 1,700 shares during the period. Swiss National Bank owned approximately 0.19% of Guidewire Software worth $26,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of GWRE. Versant Capital Management Inc acquired a new stake in Guidewire Software in the 4th quarter valued at approximately $25,000. Assetmark Inc. boosted its stake in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software in the third quarter valued at approximately $33,000. Cullen Frost Bankers Inc. purchased a new stake in Guidewire Software during the 4th quarter worth approximately $34,000. Finally, Brooklyn Investment Group acquired a new stake in Guidewire Software during the 3rd quarter worth approximately $42,000.

Guidewire Software Stock Down 0.8 %

Shares of NYSE:GWRE traded down $1.62 during trading on Friday, hitting $191.84. 1,448,051 shares of the company were exchanged, compared to its average volume of 865,257. The firm's 50 day moving average price is $197.06 and its 200-day moving average price is $186.82. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $16.09 billion, a P/E ratio of 532.89, a PEG ratio of 37.21 and a beta of 1.31.

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Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President John P. Mullen sold 6,116 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $1,158,431.56. Following the completion of the sale, the president now directly owns 166,330 shares of the company's stock, valued at approximately $31,504,565.30. This represents a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $170.04, for a total value of $238,056.00. Following the completion of the transaction, the chief executive officer now owns 269,130 shares in the company, valued at $45,762,865.20. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,780 shares of company stock valued at $6,886,553 over the last quarter. Company insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

GWRE has been the subject of several research reports. JMP Securities restated a "market outperform" rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson reissued a "buy" rating and set a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. Oppenheimer increased their price target on Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group upped their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Guidewire Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

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.