Assenagon Asset Management S.A. Has $787,000 Stake in Guidewire Software, Inc. (NYSE:GWRE)

Assenagon Asset Management S.A. reduced its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 85.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,215 shares of the technology company's stock after selling 42,458 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Guidewire Software were worth $787,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GWRE. Comerica Bank purchased a new stake in shares of Guidewire Software in the 2nd quarter worth about $180,000. RiverPark Advisors LLC purchased a new stake in Guidewire Software during the 4th quarter valued at about $27,000. Banque Cantonale Vaudoise purchased a new stake in Guidewire Software during the 3rd quarter valued at about $25,000. CENTRAL TRUST Co purchased a new stake in Guidewire Software during the 3rd quarter valued at about $29,000. Finally, Castleview Partners LLC purchased a new stake in Guidewire Software during the 3rd quarter valued at about $40,000.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the transaction, the chief executive officer now directly owns 245,375 shares in the company, valued at $27,420,656.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael George Rosenbaum sold 4,420 shares of the company's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $493,935.00. Following the transaction, the chief executive officer now owns 245,375 shares in the company, valued at $27,420,656.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James Winston King sold 1,075 shares of the company's stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $110.77, for a total transaction of $119,077.75. Following the transaction, the insider now owns 45,410 shares in the company, valued at approximately $5,030,065.70. The disclosure for this sale can be found here. Insiders sold a total of 9,618 shares of company stock valued at $1,073,918 over the last three months. 0.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on GWRE. DA Davidson restated a "buy" rating and set a $126.00 target price on shares of Guidewire Software in a research note on Tuesday, March 5th. Raymond James assumed coverage on shares of Guidewire Software in a research note on Thursday, February 1st. They set an "outperform" rating and a $125.00 target price on the stock. Wells Fargo & Company upgraded shares of Guidewire Software from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, December 20th. Oppenheimer increased their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird increased their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $115.11.

Guidewire Software Trading Up 0.4 %

NYSE GWRE traded up $0.51 on Friday, hitting $115.54. 410,162 shares of the stock were exchanged, compared to its average volume of 643,155. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. The stock has a fifty day moving average price of $116.05 and a two-hundred day moving average price of $104.54. The firm has a market capitalization of $9.51 billion, a P/E ratio of -186.35 and a beta of 1.15. Guidewire Software, Inc. has a 52-week low of $68.45 and a 52-week high of $122.35.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.22. The firm had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. Research analysts forecast that Guidewire Software, Inc. will post -0.42 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.