Asset Management One Co. Ltd. Has $13.39 Million Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Asset Management One Co. Ltd. trimmed its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,460 shares of the technology company's stock after selling 7,758 shares during the period. Asset Management One Co. Ltd. owned about 0.09% of Guidewire Software worth $13,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ossiam acquired a new position in Guidewire Software during the fourth quarter worth $29,000. MassMutual Private Wealth & Trust FSB increased its position in Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after buying an additional 70 shares during the last quarter. Dunhill Financial LLC acquired a new position in Guidewire Software during the first quarter worth $33,000. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software during the fourth quarter worth $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after buying an additional 99 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GWRE shares. Oppenheimer increased their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Robert W. Baird increased their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada reissued an "outperform" rating and set a $290.00 target price on shares of Guidewire Software in a research report on Monday. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $226.00 price target on shares of Guidewire Software in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $248.31.

Guidewire Software Stock Performance

Shares of NYSE:GWRE traded up $0.50 during midday trading on Friday, hitting $235.37. The company's stock had a trading volume of 2,231,560 shares, compared to its average volume of 962,701. 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 stock's 50 day simple moving average is $221.36 and its 200 day simple moving average is $200.08. Guidewire Software, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $263.20. The stock has a market capitalization of $19.82 billion, a price-to-earnings ratio of 588.41, a PEG ratio of 23.18 and a beta of 1.15.

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

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $184.41, for a total value of $258,174.00. Following the completion of the sale, the chief executive officer now owns 259,993 shares in the company, valued at approximately $47,945,309.13. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael C. Keller sold 1,000 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $237.53, for a total transaction of $237,530.00. Following the completion of the sale, the director now owns 10,410 shares of the company's stock, valued at approximately $2,472,687.30. The trade was a 8.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,160 shares of company stock worth $3,779,767. Company insiders own 0.48% of the company's stock.

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.