Guidewire Software, Inc. (NYSE:GWRE) Stock Holdings Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,895 shares of the technology company’s stock after purchasing an additional 354 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Guidewire Software were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Gotham Asset Management LLC raised its holdings in shares of Guidewire Software by 253.3% during the third quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company’s stock valued at $1,126,000 after acquiring an additional 8,970 shares during the period. Vanguard Group Inc. raised its holdings in shares of Guidewire Software by 0.5% during the third quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock valued at $724,092,000 after acquiring an additional 38,954 shares during the period. AQR Capital Management LLC raised its holdings in shares of Guidewire Software by 32.9% during the third quarter. AQR Capital Management LLC now owns 53,084 shares of the technology company’s stock valued at $4,778,000 after acquiring an additional 13,136 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Guidewire Software by 1,318.8% during the third quarter. Hsbc Holdings PLC now owns 42,677 shares of the technology company’s stock valued at $3,880,000 after acquiring an additional 39,669 shares during the period. Finally, Yarbrough Capital LLC raised its holdings in shares of Guidewire Software by 56.3% during the fourth quarter. Yarbrough Capital LLC now owns 7,519 shares of the technology company’s stock valued at $820,000 after acquiring an additional 2,709 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Raymond James initiated coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective on the stock. Oppenheimer boosted their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and an average target price of $115.11.

Guidewire Software Price Performance

NYSE:GWRE opened at $113.57 on Friday. The stock has a market cap of $9.35 billion, a P/E ratio of -183.17 and a beta of 1.15. Guidewire Software, Inc. has a one year low of $68.45 and a one year high of $122.35. The company has a fifty day moving average price of $114.88 and a 200 day moving average price of $106.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45.

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

Insider Activity

In other news, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the transaction, the chief executive officer now owns 245,375 shares in the company, valued at approximately $27,420,656.25. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the transaction, the chief executive officer now owns 245,375 shares in the company, valued at approximately $27,420,656.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the transaction, 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. In the last 90 days, insiders sold 9,435 shares of company stock worth $1,053,821. 0.38% of the stock is currently owned by corporate insiders.

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.