Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Guidewire Software, Inc. (NYSE:GWRE)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,023 shares of the technology company’s stock after purchasing an additional 2,467 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Guidewire Software were worth $3,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its position in Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after buying an additional 679,558 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Guidewire Software in the third quarter valued at $26,501,000. Janus Henderson Group PLC lifted its holdings in shares of Guidewire Software by 355.8% in the 3rd quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock worth $29,719,000 after acquiring an additional 126,806 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Guidewire Software by 192.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company’s stock worth $22,635,000 after purchasing an additional 88,304 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Guidewire Software in the 4th quarter worth about $12,050,000.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the transaction, the chief executive officer now directly owns 274,730 shares of the company’s stock, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President John P. Mullen sold 7,165 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the transaction, the president now directly owns 182,096 shares in the company, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,056 shares of company stock worth $8,094,892 over the last quarter. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on GWRE shares. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. The Goldman Sachs Group upped their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Robert W. Baird boosted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Oppenheimer raised their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $185.85 on Friday. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 516.26, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $195.28 and its 200 day moving average is $185.83.

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

Guidewire Software Company 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.