Zurcher Kantonalbank Zurich Cantonalbank Has $1.84 Million Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 8.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,842 shares of the technology company’s stock after acquiring an additional 1,276 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Guidewire Software were worth $1,836,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its holdings in shares of Guidewire Software by 11.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,661 shares of the technology company’s stock valued at $149,000 after buying an additional 164 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Guidewire Software by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 35,826 shares of the technology company’s stock valued at $3,224,000 after purchasing an additional 190 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Guidewire Software by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,678 shares of the technology company’s stock valued at $601,000 after purchasing an additional 194 shares during the last quarter. Regatta Capital Group LLC lifted its holdings in Guidewire Software by 5.8% during the 4th quarter. Regatta Capital Group LLC now owns 4,035 shares of the technology company’s stock valued at $440,000 after purchasing an additional 222 shares during the last quarter. Finally, RiverPark Advisors LLC acquired a new stake in Guidewire Software during the 4th quarter valued at $27,000.

Insider Buying and Selling

In other Guidewire Software news, insider John P. Mullen sold 3,665 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now directly owns 149,397 shares of the company’s stock, valued at $16,695,114.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider John P. Mullen sold 3,665 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the sale, the insider now owns 149,397 shares in the company, valued at $16,695,114.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the sale, the insider now owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The disclosure for this sale can be found here. Insiders have sold a total of 9,435 shares of company stock valued at $1,053,821 over the last ninety days. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on GWRE. Raymond James began coverage on Guidewire Software in a report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target for the company. DA Davidson reissued a “buy” rating and set a $126.00 target price on shares of Guidewire Software in a report on Tuesday, March 5th. Robert W. Baird lifted their target price on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, Oppenheimer lifted their target price on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.11.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $113.50 on Thursday. The business’s 50-day moving average price is $115.16 and its 200-day moving average price is $106.41. Guidewire Software, Inc. has a 12 month low of $68.45 and a 12 month high of $122.35. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of -183.05 and a beta of 1.15. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The firm had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. Equities research analysts forecast that Guidewire Software, Inc. will post -0.42 EPS for the current year.

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.