Assenagon Asset Management S.A. Sells 184,611 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Assenagon Asset Management S.A. reduced its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 86.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,916 shares of the technology company's stock after selling 184,611 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Guidewire Software were worth $5,418,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GWRE. Vanguard Group Inc. grew its position in Guidewire Software by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock valued at $1,425,434,000 after acquiring an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after purchasing an additional 1,009,966 shares in the last quarter. Stockbridge Partners LLC raised its position in Guidewire Software by 8.3% in the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock valued at $451,602,000 after purchasing an additional 205,382 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after purchasing an additional 291,774 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock worth $226,701,000 after purchasing an additional 12,697 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GWRE shares. Robert W. Baird raised their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. The Goldman Sachs Group upped their price target on shares of Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Oppenheimer lifted their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. JMP Securities boosted their price objective on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. raised their target price on Guidewire Software from $231.00 to $271.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $247.00.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $167.82, for a total transaction of $234,948.00. Following the completion of the sale, the chief executive officer now directly owns 258,593 shares of the company's stock, valued at $43,397,077.26. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President John P. Mullen sold 2,300 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total transaction of $432,285.00. Following the completion of the transaction, the president now directly owns 164,030 shares in the company, valued at approximately $30,829,438.50. The trade was a 1.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,160 shares of company stock valued at $3,482,079 over the last ninety days. 0.48% of the stock is owned by company insiders.

Guidewire Software Trading Down 0.3%

Shares of NYSE:GWRE traded down $0.72 during midday trading on Wednesday, reaching $247.52. The company's stock had a trading volume of 501,530 shares, compared to its average volume of 947,034. Guidewire Software, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $263.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The firm has a 50 day moving average price of $214.56 and a two-hundred day moving average price of $197.95. The firm has a market capitalization of $20.84 billion, a price-to-earnings ratio of 618.87, a PEG ratio of 24.91 and a beta of 1.15.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The company's revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. As a group, analysts forecast 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.