Nuveen Asset Management LLC Increases Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Nuveen Asset Management LLC raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 240,467 shares of the technology company's stock after buying an additional 24,933 shares during the period. Nuveen Asset Management LLC owned about 0.29% of Guidewire Software worth $40,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Guidewire Software by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock valued at $1,425,434,000 after buying an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after buying an additional 1,009,966 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after buying an additional 291,774 shares during the last quarter. Geode Capital Management LLC increased its holdings in Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock valued at $226,701,000 after buying an additional 12,697 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Guidewire Software by 79.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after buying an additional 418,642 shares during the last quarter.

Insider Transactions at Guidewire Software

In related news, insider James Winston King sold 1,051 shares of Guidewire Software stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the sale, the insider now owns 44,613 shares in the company, valued at $8,450,148.33. This trade represents a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $215.25, for a total transaction of $301,350.00. Following the sale, the chief executive officer now owns 250,193 shares of the company's stock, valued at $53,854,043.25. The trade was 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 worth $6,210,967. 0.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

GWRE has been the subject of a number of analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Robert W. Baird increased 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. DA Davidson cut shares of Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 price objective for the company. in a research note on Thursday. The Goldman Sachs Group increased their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of "Moderate Buy" and an average target price of $207.42.

Guidewire Software Trading Up 0.8%

Shares of Guidewire Software stock traded up $1.75 during trading on Friday, hitting $209.75. The stock had a trading volume of 988,750 shares, compared to its average volume of 929,974. The firm's fifty day simple moving average is $197.97 and its 200-day simple moving average is $193.43. The stock has a market cap of $17.59 billion, a PE ratio of 582.63, a PEG ratio of 37.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The firm had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, sell-side analysts expect 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.