Robeco Institutional Asset Management B.V. Sells 1,331 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Robeco Institutional Asset Management B.V. trimmed its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,935 shares of the technology company's stock after selling 1,331 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Guidewire Software worth $24,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GWRE. Ossiam bought a new stake in Guidewire Software in the fourth quarter worth $29,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Guidewire Software by 70.0% in the 1st 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 in the last quarter. Dunhill Financial LLC purchased a new position in shares of Guidewire Software in the 1st quarter worth $33,000. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software in the 4th quarter worth about $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after buying an additional 99 shares in the last quarter.

Insider Activity

In other news, Director Michael C. Keller sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $237.53, for a total transaction of $237,530.00. Following the transaction, the director directly owned 10,410 shares of the company's stock, valued at approximately $2,472,687.30. This trade represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $236.89, for a total value of $331,646.00. Following the completion of the sale, the chief executive officer owned 235,868 shares of the company's stock, valued at $55,874,770.52. The trade was a 0.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,860 shares of company stock valued at $3,420,954. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Trading Down 1.7%

Guidewire Software stock traded down $4.08 during mid-day trading on Tuesday, hitting $231.37. The company's stock had a trading volume of 878,972 shares, compared to its average volume of 962,811. 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 company has a 50 day moving average of $224.11 and a 200-day moving average of $201.56. Guidewire Software, Inc. has a one year low of $132.01 and a one year high of $263.20. The stock has a market cap of $19.48 billion, a PE ratio of 578.43, a P/E/G ratio of 20.88 and a beta of 1.16.

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

Analyst Ratings Changes

Several research firms recently commented on GWRE. DA Davidson reiterated a "neutral" rating and issued a $226.00 price target on shares of Guidewire Software in a research report on Wednesday, June 4th. Citigroup raised their price objective on Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Bank of America lifted their target price on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, June 4th. Robert W. Baird boosted their target price on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Raymond James Financial increased their price target on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $248.31.

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.