UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $46.81 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 49.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,653 shares of the technology company's stock after selling 267,655 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.33% of Guidewire Software worth $46,807,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vident Advisory LLC increased its holdings in shares of Guidewire Software by 82.1% in the fourth quarter. Vident Advisory LLC now owns 2,486 shares of the technology company's stock valued at $419,000 after purchasing an additional 1,121 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Guidewire Software during the 4th quarter worth about $2,418,000. Two Sigma Advisers LP grew its stake in Guidewire Software by 1,829.6% in the 4th quarter. Two Sigma Advisers LP now owns 104,200 shares of the technology company's stock valued at $17,566,000 after buying an additional 98,800 shares during the last quarter. Tairen Capital Ltd bought a new position in Guidewire Software in the 4th quarter valued at about $3,102,000. Finally, Tidal Investments LLC lifted its position in Guidewire Software by 306.7% during the fourth quarter. Tidal Investments LLC now owns 14,125 shares of the technology company's stock worth $2,381,000 after acquiring an additional 10,652 shares during the last quarter.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 2,300 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total value 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. This represents a 1.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $212.02, for a total value of $296,828.00. Following the sale, the chief executive officer now owns 248,793 shares in the company, valued at $52,749,091.86. This represents a 0.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,371 shares of company stock valued at $6,222,685. Corporate insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

GWRE has been the topic of several research reports. DA Davidson downgraded Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 target price on the stock. in a research report on Thursday, May 22nd. The Goldman Sachs Group upped their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Robert W. Baird upped their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.42.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded up $2.29 during midday trading on Thursday, hitting $211.03. The stock had a trading volume of 515,112 shares, compared to its average volume of 933,172. The company's 50-day moving average price is $198.89 and its 200-day moving average price is $193.75. Guidewire Software, Inc. has a fifty-two week low of $107.65 and a fifty-two week high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $17.70 billion, a P/E ratio of 585.16, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. As a group, equities research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

About Guidewire Software

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.