Guidewire Software, Inc. (NYSE:GWRE) Stock Position Lessened by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 39.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,326 shares of the technology company's stock after selling 63,507 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.12% of Guidewire Software worth $10,721,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise purchased a new position in shares of Guidewire Software during the third quarter worth approximately $25,000. RiverPark Advisors LLC purchased a new position in shares of Guidewire Software during the fourth quarter worth approximately $27,000. CENTRAL TRUST Co purchased a new position in shares of Guidewire Software during the third quarter worth approximately $29,000. Castleview Partners LLC purchased a new position in shares of Guidewire Software during the third quarter worth approximately $40,000. Finally, 1832 Asset Management L.P. grew its position in shares of Guidewire Software by 28.1% during the fourth quarter. 1832 Asset Management L.P. now owns 707 shares of the technology company's stock worth $44,000 after acquiring an additional 155 shares during the last quarter.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of the transaction, the chief executive officer now owns 245,375 shares of the company's stock, valued at approximately $27,420,656.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of the transaction, the chief executive officer now owns 245,375 shares of the company's stock, valued at approximately $27,420,656.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey Elliott Cooper sold 458 shares of Guidewire Software stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.10, for a total value of $51,341.80. Following the transaction, the chief financial officer now directly owns 72,386 shares of the company's stock, valued at approximately $8,114,470.60. The disclosure for this sale can be found here. Insiders sold 8,543 shares of company stock valued at $954,841 in the last 90 days. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GWRE shares. DA Davidson reiterated a "buy" rating and issued a $126.00 price objective on shares of Guidewire Software in a research report on Tuesday, March 5th. Oppenheimer lifted their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. Raymond James started coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They issued an "outperform" rating and a $125.00 price objective on the stock. Wells Fargo & Company upgraded shares of Guidewire Software from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, December 20th. Finally, Robert W. Baird lifted their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $115.11.

Guidewire Software Price Performance

Guidewire Software stock traded down $1.90 during midday trading on Friday, reaching $111.23. The company's stock had a trading volume of 503,411 shares, compared to its average volume of 646,452. Guidewire Software, Inc. has a fifty-two week low of $68.45 and a fifty-two week high of $122.35. 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's 50 day simple moving average is $116.04 and its 200 day simple moving average is $105.19. The firm has a market capitalization of $9.16 billion, a PE ratio of -179.40 and a beta of 1.15.

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