William Blair Investment Management LLC Sells 493,707 Shares of Guidewire Software, Inc. (NYSE:GWRE)

William Blair Investment Management LLC decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 44.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 627,361 shares of the technology company's stock after selling 493,707 shares during the period. William Blair Investment Management LLC owned approximately 0.75% of Guidewire Software worth $105,761,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of 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 buying an additional 145 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Guidewire Software in the third quarter worth $219,000. Oppenheimer & Co. Inc. bought a new position in Guidewire Software in the third quarter valued at $415,000. KBC Group NV raised its position in Guidewire Software by 15.3% during the third quarter. KBC Group NV now owns 2,087 shares of the technology company's stock valued at $382,000 after purchasing an additional 277 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company's stock worth $448,000 after purchasing an additional 87 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. The Goldman Sachs Group lifted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Wells Fargo & Company upped their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, DA Davidson reiterated a "buy" rating and issued a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

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Guidewire Software Trading Down 0.8 %

Shares of NYSE GWRE traded down $1.62 during midday trading on Friday, hitting $191.84. 1,448,052 shares of the company traded hands, compared to its average volume of 1,310,516. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The firm has a market cap of $16.09 billion, a P/E ratio of 532.89, a P/E/G ratio of 37.21 and a beta of 1.31. The stock has a 50-day moving average price of $197.06 and a 200 day moving average price of $186.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its 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 firm had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Activity

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 300 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $52,434.00. Following the sale, the chief financial officer now directly owns 73,494 shares of the company's stock, valued at approximately $12,845,281.32. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James Winston King sold 1,051 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $199,069.91. Following the transaction, the insider now owns 44,613 shares of the company's stock, valued at $8,450,148.33. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,780 shares of company stock worth $6,886,553. Corporate insiders own 0.48% of the company's stock.

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.