MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $11.54 Million Stake in Guidewire Software, Inc. (NYSE:GWRE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,471 shares of the technology company’s stock after acquiring an additional 1,389 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.08% of Guidewire Software worth $11,543,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GWRE. Atomi Financial Group Inc. grew its position in shares of Guidewire Software by 22.2% in the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after buying an additional 488 shares during the last quarter. Donoghue Forlines LLC bought a new stake in shares of Guidewire Software in the 4th quarter valued at about $2,110,000. GDS Wealth Management grew its position in shares of Guidewire Software by 618.5% in the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock valued at $3,161,000 after buying an additional 16,142 shares during the last quarter. Banco Santander S.A. bought a new stake in shares of Guidewire Software in the 4th quarter valued at about $427,000. Finally, MGO One Seven LLC bought a new stake in shares of Guidewire Software in the 4th quarter valued at about $222,000.

Guidewire Software Price Performance

Guidewire Software stock opened at $216.55 on Friday. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The business’s 50 day simple moving average is $195.22 and its 200 day simple moving average is $192.57. The company has a market cap of $18.16 billion, a price-to-earnings ratio of 601.53, a PEG ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insiders Place Their Bets

In related news, insider James Winston King sold 1,051 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $199,069.91. Following the sale, the insider now owns 44,613 shares in the company, valued at approximately $8,450,148.33. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $208.36, for a total value of $291,704.00. Following the completion of the sale, the chief executive officer now owns 252,993 shares in the company, valued at $52,713,621.48. This trade represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,371 shares of company stock worth $6,207,005 over the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GWRE shares. JPMorgan Chase & Co. upped their price target on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. The Goldman Sachs Group boosted their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Robert W. Baird boosted their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $206.08.

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.