Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 18,001.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 258,128 shares of the technology company’s stock after acquiring an additional 256,702 shares during the quarter. International Assets Investment Management LLC owned 0.31% of Guidewire Software worth $472,220,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its holdings in shares of Guidewire Software by 23.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after acquiring an additional 516,942 shares during the period. Whale Rock Capital Management LLC grew its holdings in Guidewire Software by 23.4% in the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after purchasing an additional 240,622 shares during the last quarter. Teca Partners LP purchased a new position in shares of Guidewire Software in the second quarter valued at $25,893,000. Linonia Partnership LP raised its stake in shares of Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after buying an additional 185,077 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Guidewire Software by 121.0% in the 1st quarter. Clearbridge Investments LLC now owns 295,595 shares of the technology company’s stock worth $34,499,000 after buying an additional 161,856 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GWRE shares. Stifel Nicolaus raised their target price on shares of Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, September 26th. The Goldman Sachs Group raised their price objective on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Robert W. Baird upped their target price on Guidewire Software from $175.00 to $204.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. DA Davidson reissued a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a research report on Friday, September 6th. Finally, Citigroup upped their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average target price of $178.62.

Guidewire Software Price Performance

GWRE opened at $188.05 on Friday. The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of -1,446.54 and a beta of 1.19. Guidewire Software, Inc. has a 12 month low of $85.15 and a 12 month high of $191.48. The business has a 50-day moving average of $169.78 and a two-hundred day moving average of $143.12.

Guidewire Software (NYSE:GWRE) last issued its quarterly 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 during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. Guidewire Software’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on 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 in the company, valued at $35,773,872.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,601 shares of company stock valued at $9,050,448. Company insiders own 0.38% of the company’s stock.

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.