Securian Asset Management Inc. Makes New $1.18 Million Investment in Guidewire Software, Inc. (NYSE:GWRE)

Securian Asset Management Inc. bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,321 shares of the technology company's stock, valued at approximately $1,184,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GWRE. Ossiam acquired a new stake in Guidewire Software during the 4th quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB increased its position in Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after purchasing an additional 70 shares in the last quarter. Dunhill Financial LLC acquired a new stake in Guidewire Software during the 1st quarter worth approximately $33,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after acquiring an additional 99 shares in the last quarter. Finally, Colonial Trust Co SC grew its position in Guidewire Software by 176.0% in the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after acquiring an additional 183 shares in the last quarter.

Insider Buying and Selling

In related news, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total transaction of $705,150.00. Following the transaction, the president directly owned 146,489 shares in the company, valued at $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $256.50, for a total value of $359,100.00. Following the transaction, the chief executive officer owned 245,993 shares in the company, valued at $63,097,204.50. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,342 shares of company stock worth $4,797,839 over the last ninety days. 0.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America increased their price objective on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, June 4th. JMP Securities increased their price objective on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research report on Wednesday, June 4th. Wall Street Zen raised shares of Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Raymond James Financial increased their price objective on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus price target of $248.31.

Guidewire Software Stock Up 0.6%

Shares of Guidewire Software stock traded up $1.23 on Thursday, hitting $221.34. 549,806 shares of the company's stock traded hands, compared to its average volume of 969,265. The stock has a market cap of $18.63 billion, a P/E ratio of 553.34, a PEG ratio of 19.52 and a beta of 1.16. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. The firm's 50-day moving average is $229.09 and its 200 day moving average is $205.75. Guidewire Software, Inc. has a 52-week low of $132.01 and a 52-week high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The firm had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. During the same period last year, the business posted $0.26 earnings per share. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. Equities analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software Company 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.