Charles Schwab Investment Management Inc. Has $94.80 Million Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Charles Schwab Investment Management Inc. lowered its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 518,200 shares of the technology company’s stock after selling 6,675 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.62% of Guidewire Software worth $94,800,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GWRE. Cetera Investment Advisers raised its stake in shares of Guidewire Software by 648.0% in the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock valued at $2,114,000 after acquiring an additional 15,695 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Guidewire Software by 8.0% in the second quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock worth $305,000 after purchasing an additional 165 shares in the last quarter. Xponance Inc. grew its holdings in shares of Guidewire Software by 79.8% during the second quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after purchasing an additional 3,066 shares during the last quarter. Pallas Capital Advisors LLC increased its stake in shares of Guidewire Software by 219.5% in the third quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock valued at $1,139,000 after buying an additional 4,161 shares in the last quarter. Finally, Westwind Capital acquired a new stake in shares of Guidewire Software in the third quarter valued at $13,765,000.

Guidewire Software Price Performance

Shares of GWRE stock opened at $204.46 on Wednesday. The stock has a market cap of $17.08 billion, a PE ratio of -2,549.88, a price-to-earnings-growth ratio of 52.47 and a beta of 1.18. The stock has a 50-day moving average of $186.96 and a 200-day moving average of $156.04. Guidewire Software, Inc. has a one year low of $95.02 and a one year high of $207.10.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. The firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, research analysts anticipate that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GWRE shares. Robert W. Baird increased their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Wells Fargo & Company increased their price target on shares of Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Citigroup raised their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, September 9th. DA Davidson reaffirmed a “buy” rating and set a $168.00 price objective on shares of Guidewire Software in a report on Friday, September 6th. Finally, Stifel Nicolaus lifted their target price on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.08.

Insider Buying and Selling

In other news, CFO Jeffrey Elliott Cooper sold 10,334 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $1,779,101.44. Following the completion of the sale, the chief financial officer now owns 83,367 shares of the company’s stock, valued at $14,352,462.72. This represents a 11.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $187.68, for a total transaction of $253,368.00. Following the sale, the president now owns 190,611 shares in the company, valued at approximately $35,773,872.48. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is owned by company insiders.

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.