Robeco Institutional Asset Management B.V. Lowers Position in Guidewire Software, Inc. $GWRE

by · The Markets Daily

Robeco Institutional Asset Management B.V. lessened its stake in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 9.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 114,695 shares of the technology company’s stock after selling 12,321 shares during the period. Robeco Institutional Asset Management B.V. owned 0.14% of Guidewire Software worth $26,364,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new position in Guidewire Software during the third quarter valued at approximately $51,967,000. Assenagon Asset Management S.A. increased its stake in shares of Guidewire Software by 12.8% in the third quarter. Assenagon Asset Management S.A. now owns 150,957 shares of the technology company’s stock worth $34,699,000 after purchasing an additional 17,151 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Guidewire Software during the 2nd quarter valued at $954,000. Lecap Asset Management Ltd. purchased a new position in shares of Guidewire Software during the 2nd quarter valued at $1,100,000. Finally, CWM LLC boosted its holdings in Guidewire Software by 43.8% in the 3rd quarter. CWM LLC now owns 31,772 shares of the technology company’s stock worth $7,303,000 after buying an additional 9,670 shares during the period.

Analysts Set New Price Targets

GWRE has been the subject of a number of analyst reports. DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and increased their price target for the stock from $246.00 to $250.00 in a research note on Wednesday, December 17th. Citigroup increased their target price on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Citizens Jmp reissued a “market outperform” rating and issued a $281.00 price target on shares of Guidewire Software in a report on Wednesday, December 10th. Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, BTIG Research reiterated a “buy” rating and set a $250.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.29.

Read Our Latest Analysis on Guidewire Software

Insider Transactions at Guidewire Software

In related news, CAO David Franklin Peterson sold 358 shares of Guidewire Software stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $68,764.64. Following the completion of the transaction, the chief accounting officer owned 12,806 shares in the company, valued at approximately $2,459,776.48. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 1,232 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $195.00, for a total value of $240,240.00. Following the sale, the chief financial officer owned 72,969 shares in the company, valued at approximately $14,228,955. This trade represents a 1.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 52,740 shares of company stock worth $10,859,052. 0.46% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Performance

NYSE:GWRE opened at $187.81 on Thursday. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 178.87, a PEG ratio of 12.25 and a beta of 1.08. Guidewire Software, Inc. has a 1 year low of $165.08 and a 1 year high of $272.60. The stock’s 50 day simple moving average is $209.01 and its two-hundred day simple moving average is $223.42. 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 – Get Free Report) last posted its earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software Profile

(Free Report)

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.

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