Assenagon Asset Management S.A. Increases Stake in Guidewire Software, Inc. $GWRE

Key Points

• Assenagon Asset Management S.A. significantly increased its stake in Guidewire Software, boosting its ownership by 362.7% during the second quarter, now holding approximately $31.5 million worth of shares.
• Guidewire reported a strong earnings quarter with $0.84 EPS, surpassing estimates, and revenue of $356.57 million that reflects a 22.3% increase year-over-year.
• Analysts have varying ratings and price targets for Guidewire, with the consensus being a "Moderate Buy" and an average price target of $274.08, indicating potential upward movement for the stock.

Assenagon Asset Management S.A. raised its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 362.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 133,806 shares of the technology company's stock after purchasing an additional 104,890 shares during the period. Assenagon Asset Management S.A. owned about 0.16% of Guidewire Software worth $31,505,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GWRE. NorthCrest Asset Manangement LLC lifted its holdings in shares of Guidewire Software by 5.6% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 1,511 shares of the technology company's stock valued at $348,000 after acquiring an additional 80 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Guidewire Software by 4.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 32,920 shares of the technology company's stock worth $7,584,000 after purchasing an additional 1,262 shares during the period. Longboard Asset Management LP purchased a new position in shares of Guidewire Software during the second quarter valued at $211,000. Jackson Square Capital LLC grew its stake in Guidewire Software by 9.7% in the second quarter. Jackson Square Capital LLC now owns 14,398 shares of the technology company's stock valued at $3,390,000 after purchasing an additional 1,271 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in Guidewire Software by 9.3% during the 2nd quarter. Pallas Capital Advisors LLC now owns 6,547 shares of the technology company's stock valued at $1,541,000 after purchasing an additional 557 shares during the period.

Guidewire Software Stock Performance

Shares of Guidewire Software stock traded down $0.18 on Monday, hitting $244.59. 574,355 shares of the company's stock were exchanged, compared to its average volume of 872,474. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.77 and a current ratio of 2.77. The stock has a market capitalization of $20.68 billion, a PE ratio of 305.74 and a beta of 1.22. The company has a 50-day simple moving average of $226.40 and a 200-day simple moving average of $216.26. Guidewire Software, Inc. has a 1 year low of $165.08 and a 1 year high of $272.60.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The technology company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.62 by $0.22. Guidewire Software had a net margin of 5.81% and a return on equity of 9.00%. The company had revenue of $356.57 million for the quarter, compared to the consensus estimate of $337.82 million. During the same period in the prior year, the firm posted $0.62 EPS. The firm's revenue was up 22.3% compared to the same quarter last year. Guidewire Software has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Activity

In other news, insider James Winston King sold 7,149 shares of Guidewire Software stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total value of $1,736,277.63. Following the sale, the insider owned 45,777 shares in the company, valued at $11,117,859.99. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President John P. Mullen sold 15,869 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $242.87, for a total transaction of $3,854,104.03. Following the completion of the transaction, the president directly owned 158,958 shares in the company, valued at approximately $38,606,129.46. This represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,330 shares of company stock valued at $23,607,754 over the last quarter. Insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GWRE. The Goldman Sachs Group increased their price target on Guidewire Software from $270.00 to $305.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Royal Bank Of Canada increased their target price on Guidewire Software from $290.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Stifel Nicolaus raised their target price on Guidewire Software from $270.00 to $300.00 and gave the company a "buy" rating in a report on Friday, September 5th. Citigroup lifted their price objective on Guidewire Software from $247.00 to $267.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. Finally, Oppenheimer lifted their price target on Guidewire Software from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $274.08.

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.