Guidewire Software, Inc. $GWRE Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in Guidewire Software, Inc. (NYSE:GWRE) by 12.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 150,957 shares of the technology company’s stock after buying an additional 17,151 shares during the quarter. Assenagon Asset Management S.A. owned 0.18% of Guidewire Software worth $34,699,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GWRE. Brooklyn Investment Group lifted its holdings in Guidewire Software by 38.3% in the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company’s stock valued at $42,000 after acquiring an additional 62 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Guidewire Software by 40.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 238 shares of the technology company’s stock worth $56,000 after purchasing an additional 68 shares during the period. Poinciana Advisors Group LLC increased its holdings in shares of Guidewire Software by 5.9% during the 2nd quarter. Poinciana Advisors Group LLC now owns 1,247 shares of the technology company’s stock valued at $294,000 after purchasing an additional 70 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Guidewire Software by 4.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,835 shares of the technology company’s stock valued at $432,000 after purchasing an additional 73 shares in the last quarter. Finally, Entropy Technologies LP lifted its stake in shares of Guidewire Software by 3.6% in the 2nd quarter. Entropy Technologies LP now owns 2,161 shares of the technology company’s stock valued at $509,000 after purchasing an additional 75 shares during the period.

Insider Buying and Selling at Guidewire Software

In related news, insider James Winston King sold 1,860 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $195.00, for a total transaction of $362,700.00. Following the completion of the sale, the insider owned 33,702 shares of the company’s stock, valued at approximately $6,571,890. This represents a 5.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David Franklin Peterson sold 358 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $68,764.64. Following the completion of the sale, the chief accounting officer owned 12,806 shares of the company’s stock, valued at approximately $2,459,776.48. The trade was a 2.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 57,140 shares of company stock valued at $11,972,936. 0.46% of the stock is owned by company insiders.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $197.46 on Friday. The business has a 50 day simple moving average of $222.39 and a two-hundred day simple moving average of $228.16. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60. The stock has a market capitalization of $16.79 billion, a P/E ratio of 188.06, a PEG ratio of 12.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The firm had revenue of $332.64 million for the quarter, compared to analyst estimates of $316.62 million. During the same period in the previous year, the company posted $0.43 earnings per share. The business’s revenue was up 26.5% on a year-over-year basis. As a group, analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

GWRE has been the topic of several analyst reports. The Goldman Sachs Group raised their price target on shares of Guidewire Software from $270.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Stifel Nicolaus raised their target price on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Wells Fargo & Company upped their price target on Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Oppenheimer increased their price target on Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Finally, DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $246.00 to $250.00 in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $271.29.

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.