Swiss National Bank Sells 1,300 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Swiss National Bank decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,800 shares of the technology company's stock after selling 1,300 shares during the quarter. Swiss National Bank owned approximately 0.18% of Guidewire Software worth $28,816,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased its position in Guidewire Software by 403.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after buying an additional 105 shares during the period. Ossiam acquired a new position in Guidewire Software in the fourth quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB grew its position in Guidewire Software by 70.0% in 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 during the last quarter. Dunhill Financial LLC bought a new position in Guidewire Software in the first quarter valued at about $33,000. Finally, Colonial Trust Co SC grew its position in Guidewire Software by 176.0% in the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after acquiring an additional 183 shares during the last quarter.

Guidewire Software Price Performance

NYSE:GWRE traded up $2.75 during mid-day trading on Friday, reaching $211.64. The stock had a trading volume of 666,784 shares, compared to its average volume of 594,280. The firm has a 50 day moving average price of $229.51 and a two-hundred day moving average price of $211.60. The stock has a market capitalization of $17.82 billion, a P/E ratio of 529.10, a P/E/G ratio of 14.91 and a beta of 1.16. Guidewire Software, Inc. has a one year low of $142.94 and a one year high of $263.20. 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 earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. The company had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. As a group, analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In related news, insider James Winston King sold 2,482 shares of the company's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $220.65, for a total value of $547,653.30. Following the sale, the insider directly owned 37,441 shares of the company's stock, valued at $8,261,356.65. This represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $212.44, for a total value of $297,416.00. Following the completion of the sale, the chief executive officer directly owned 227,468 shares in the company, valued at approximately $48,323,301.92. This represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,742 shares of company stock valued at $5,870,207 over the last ninety days. Company insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on GWRE shares. JMP Securities boosted their price target on Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a report on Wednesday, June 4th. Wells Fargo & Company lifted their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. Oppenheimer increased their target price on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Bank of America raised their target price on Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and an average target price of $250.92.

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.