Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,595 shares of the technology company’s stock after selling 400 shares during the period. Handelsbanken Fonder AB’s holdings in Guidewire Software were worth $1,810,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Guidewire Software by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock valued at $724,092,000 after purchasing an additional 38,954 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of Guidewire Software by 0.6% in the 3rd quarter. Bamco Inc. NY now owns 6,238,882 shares of the technology company’s stock valued at $561,499,000 after purchasing an additional 36,895 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Guidewire Software by 16.2% in the 3rd quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company’s stock valued at $190,440,000 after purchasing an additional 294,631 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Guidewire Software by 141.4% in the 3rd quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock valued at $165,831,000 after purchasing an additional 1,079,268 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Guidewire Software by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 507,155 shares of the technology company’s stock valued at $45,644,000 after purchasing an additional 3,691 shares in the last quarter.

Guidewire Software Trading Up 1.4 %

Shares of Guidewire Software stock opened at $113.57 on Friday. Guidewire Software, Inc. has a 1 year low of $68.45 and a 1 year high of $122.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. The company has a market capitalization of $9.35 billion, a P/E ratio of -183.17 and a beta of 1.15. The company’s fifty day moving average is $114.88 and its two-hundred day moving average is $106.50.

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

Insider Activity at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated 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 in the company, valued at $16,485,033.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated 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 in the company, valued at $16,485,033.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 4,420 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 $493,935.00. Following the sale, the chief executive officer now owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The disclosure for this sale can be found here. Insiders sold 9,435 shares of company stock worth $1,053,821 over the last 90 days. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

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

About Guidewire Software

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.