Guidewire Software, Inc. (NYSE:GWRE) Stock Holdings Increased by Deutsche Bank AG

Key Points

• Deutsche Bank AG has increased its stake in Guidewire Software, owning 342,973 shares, which is a 54% increase, valued at approximately $64.3 million.
• Guidewire Software's stock performance shows a 12-month high of $263.20 and a recent trading price around $209.03, with significant analyst ratings indicating a consensus "Moderate Buy" with a target price averaging $250.92.
• Insider selling activity has been noted, with CEO Michael Rosenbaum selling 1,400 shares at an average price of $256.50, reflecting ongoing changes in the company's ownership landscape.

Deutsche Bank AG lifted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 54.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,973 shares of the technology company's stock after buying an additional 120,252 shares during the period. Deutsche Bank AG owned about 0.41% of Guidewire Software worth $64,259,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cerity Partners LLC increased its stake in Guidewire Software by 3.2% in the 4th quarter. Cerity Partners LLC now owns 22,506 shares of the technology company's stock valued at $3,836,000 after purchasing an additional 707 shares in the last quarter. Legal & General Group Plc grew its holdings in Guidewire Software by 10.4% during the 4th quarter. Legal & General Group Plc now owns 144,478 shares of the technology company's stock valued at $24,356,000 after buying an additional 13,595 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Guidewire Software during the 4th quarter valued at $259,000. Treasurer of the State of North Carolina grew its holdings in Guidewire Software by 0.4% during the 4th quarter. Treasurer of the State of North Carolina now owns 36,974 shares of the technology company's stock valued at $6,233,000 after buying an additional 150 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Guidewire Software by 37.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,267 shares of the technology company's stock valued at $551,000 after buying an additional 890 shares during the last quarter.

Guidewire Software Stock Up 1.3%

Shares of NYSE GWRE traded up $2.75 during midday trading on Friday, reaching $211.64. 666,784 shares of the company's stock were exchanged, compared to its average volume of 594,280. Guidewire Software, Inc. has a 52-week low of $142.94 and a 52-week high of $263.20. The stock has a market capitalization of $17.82 billion, a PE ratio of 529.10, a price-to-earnings-growth ratio of 14.73 and a beta of 1.16. 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 business's fifty day moving average price is $229.51 and its two-hundred day moving average price is $211.57.

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

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of analyst reports. Oppenheimer increased their target price on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. DA Davidson restated a "neutral" rating and set a $226.00 price objective on shares of Guidewire Software in a report on Wednesday, June 4th. Wells Fargo & Company raised their price objective on Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group raised their price objective on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.92.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 3,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $223.28, for a total value of $669,840.00. Following the completion of the sale, the president directly owned 143,489 shares of the company's stock, valued at $32,038,223.92. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $212.44, for a total value of $297,416.00. Following the completion of the sale, the chief executive officer directly owned 227,468 shares of the company's stock, valued at approximately $48,323,301.92. This represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,742 shares of company stock valued at $5,870,207. 0.48% of the stock is currently owned by insiders.

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.