Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 17,219.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,400 shares of the technology company's stock after purchasing an additional 50,109 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Guidewire Software worth $9,443,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Ossiam purchased a new position in shares of Guidewire Software during the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after acquiring an additional 70 shares in the last quarter. Dunhill Financial LLC bought a new stake in shares of Guidewire Software during the first quarter valued at approximately $33,000. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of 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 valued at $34,000 after acquiring an additional 99 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently commented on GWRE. Stifel Nicolaus boosted their price objective on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wall Street Zen raised shares of Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Robert W. Baird boosted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research note 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 MarketBeat, Guidewire Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.31.

Insider Activity at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $256.50, for a total value of $359,100.00. Following the completion of the sale, the chief executive officer owned 245,993 shares of the company's stock, valued at $63,097,204.50. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total transaction of $705,150.00. Following the sale, the president directly owned 146,489 shares of the company's stock, valued at approximately $34,432,239.45. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,860 shares of company stock valued at $4,126,104 in the last ninety days. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Price Performance

GWRE stock traded up $3.43 during trading on Thursday, reaching $231.17. 383,310 shares of the company were exchanged, compared to its average volume of 962,336. The company has a market cap of $19.46 billion, a P/E ratio of 577.93, a PEG ratio of 20.51 and a beta of 1.16. Guidewire Software, Inc. has a 52-week low of $132.01 and a 52-week high of $263.20. The stock's 50 day moving average price is $224.78 and its 200 day moving average price is $201.74. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced 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. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company had revenue of $293.51 million for the quarter, compared to the consensus estimate of $286.40 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal 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.