Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 222,721 shares of the technology company's stock after selling 3,092 shares during the quarter. Deutsche Bank AG owned 0.27% of Guidewire Software worth $37,546,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Ossiam purchased a new position in Guidewire Software during the 4th quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software during the 4th quarter worth $34,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in 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 worth $34,000 after buying an additional 99 shares during the last quarter. R Squared Ltd acquired a new position in shares of Guidewire Software during the 4th quarter worth $47,000. Finally, Colonial Trust Co SC grew its stake in shares of Guidewire Software by 176.0% during the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after purchasing an additional 183 shares during the period.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.65, for a total value of $285,110.00. Following the transaction, the chief executive officer now owns 271,930 shares in the company, valued at approximately $55,378,544.50. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President John P. Mullen sold 2,300 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total value of $432,285.00. Following the sale, the president now owns 164,030 shares in the company, valued at $30,829,438.50. The trade was a 1.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,371 shares of company stock worth $6,207,005 over the last quarter. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GWRE shares. The Goldman Sachs Group upped their price target 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. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Robert W. Baird raised their price target 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. 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 report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $206.08.

Guidewire Software Stock Up 0.6%

Shares of GWRE traded up $1.38 during midday trading on Friday, reaching $216.55. 582,623 shares of the company were exchanged, compared to its average volume of 925,646. The stock has a 50-day moving average price of $195.22 and a 200-day moving average price of $192.59. The company has a market cap of $18.16 billion, a price-to-earnings ratio of 601.53, a P/E/G ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 1-year low of $107.65 and a 1-year high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current 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.