Zurcher Kantonalbank Zurich Cantonalbank Has $3.54 Million Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,023 shares of the technology company's stock after acquiring an additional 2,467 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Guidewire Software were worth $3,544,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GWRE. Versant Capital Management Inc bought a new position in shares of Guidewire Software during the fourth quarter valued at $25,000. Assetmark Inc. increased its holdings in 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 last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software in the 3rd quarter valued at approximately $33,000. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software during the fourth quarter valued at approximately $34,000. Finally, Brooklyn Investment Group acquired a new position in shares of Guidewire Software in the 3rd quarter valued at $42,000.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GWRE. DA Davidson reaffirmed a "buy" rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Oppenheimer increased their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada lifted their target price on Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $206.08.

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Guidewire Software Stock Performance

NYSE GWRE traded up $5.20 on Wednesday, reaching $196.55. The stock had a trading volume of 655,521 shares, compared to its average volume of 1,307,022. The firm has a fifty day moving average of $196.12 and a two-hundred day moving average of $186.71. The company has a market cap of $16.49 billion, a P/E ratio of 545.96, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year 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.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share 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 business had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. On average, equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insiders Place Their Bets

In other news, President John P. Mullen sold 1,350 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $170.43, for a total transaction of $230,080.50. Following the sale, the president now directly owns 180,746 shares of the company's stock, valued at approximately $30,804,540.78. This represents a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the transaction, the chief executive officer now directly owns 274,730 shares of the company's stock, valued at approximately $58,979,036.40. This trade represents a 0.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,470 shares of company stock worth $5,454,567 in the last 90 days. Company 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.