B. Metzler seel. Sohn & Co. Holding AG Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Guidewire Software, Inc. (NYSE:GWRE) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 20,551 shares of the technology company’s stock, valued at approximately $3,760,000.

A number of other large investors have also recently added to or reduced their stakes in GWRE. Rothschild Investment LLC purchased a new position in Guidewire Software during the second quarter worth $31,000. Assetmark Inc. increased its position in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. Lynx Investment Advisory acquired a new position in Guidewire Software in the 2nd quarter valued at about $41,000. DT Investment Partners LLC purchased a new position in Guidewire Software in the 2nd quarter valued at about $41,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Guidewire Software during the 2nd quarter worth about $55,000.

Guidewire Software Trading Up 0.4 %

Shares of NYSE GWRE opened at $197.23 on Thursday. The stock has a fifty day moving average price of $185.13 and a 200 day moving average price of $153.97. Guidewire Software, Inc. has a 12-month low of $95.02 and a 12-month high of $199.33. The company has a market cap of $16.47 billion, a P/E ratio of -2,465.38, a P/E/G ratio of 49.72 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 earnings per share. On average, sell-side analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on GWRE shares. JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Wells Fargo & Company upped their target price on Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 price target on shares of Guidewire Software in a research note on Tuesday. DA Davidson reiterated a “buy” rating and set a $168.00 price objective on shares of Guidewire Software in a report on Friday, September 6th. Finally, JMP Securities boosted their target price on shares of Guidewire Software from $179.00 to $200.00 and gave the company a “market outperform” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.69.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the sale, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. The trade was a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John P. Mullen sold 6,718 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $1,156,570.88. Following the completion of the transaction, the insider now directly owns 160,099 shares of the company’s stock, valued at $27,562,643.84. This represents a 4.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $9,116,179 over the last 90 days. Company insiders own 0.48% of the company’s stock.

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.