Eagle Asset Management Inc. lowered its position in shares of Guidewire Software Inc (NYSE:GWRE) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,126,901 shares of the technology company’s stock after selling 18,831 shares during the period. Eagle Asset Management Inc. owned 1.50% of Guidewire Software worth $83,774,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in shares of Guidewire Software by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after purchasing an additional 150 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Guidewire Software by 64.2% during the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after purchasing an additional 794 shares during the period. Zions Bancorporation acquired a new stake in Guidewire Software during the third quarter worth approximately $161,000. CIBC Asset Management Inc acquired a new stake in Guidewire Software during the third quarter worth approximately $200,000. Finally, Forward Management LLC acquired a new stake in Guidewire Software during the fourth quarter worth approximately $204,000.
Shares of Guidewire Software Inc (NYSE GWRE) opened at $79.67 on Thursday. The firm has a market capitalization of $5,822.48, a price-to-earnings ratio of 193.15, a price-to-earnings-growth ratio of 131.23 and a beta of 1.13. Guidewire Software Inc has a twelve month low of $54.34 and a twelve month high of $83.52.
In other Guidewire Software news, CEO Marcus Ryu sold 25,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $73.26, for a total value of $1,831,500.00. Following the sale, the chief executive officer now owns 76,178 shares of the company’s stock, valued at approximately $5,580,800.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Guy Dubois sold 1,026 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $74.15, for a total value of $76,077.90. Following the sale, the director now directly owns 10,113 shares in the company, valued at approximately $749,878.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,100 shares of company stock worth $7,343,140. Company insiders own 0.69% of the company’s stock.
GWRE has been the topic of a number of analyst reports. Zacks Investment Research downgraded Guidewire Software from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Deutsche Bank reissued a “buy” rating and set a $85.00 price target on shares of Guidewire Software in a research report on Thursday, November 30th. Citigroup set a $85.00 price target on Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, November 30th. TheStreet downgraded Guidewire Software from a “b” rating to a “c+” rating in a research report on Wednesday, November 29th. Finally, DA Davidson initiated coverage on Guidewire Software in a research report on Friday, February 2nd. They set a “buy” rating and a $92.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Guidewire Software presently has a consensus rating of “Buy” and an average target price of $81.30.
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Guidewire Software Profile
Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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