Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 95.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 91,616 shares of the technology company's stock after selling 2,024,378 shares during the quarter. Van ECK Associates Corp owned 0.11% of Guidewire Software worth $9,990,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GWRE. Banque Cantonale Vaudoise purchased a new position in Guidewire Software in the third quarter valued at about $25,000. RiverPark Advisors LLC bought a new position in Guidewire Software during the fourth quarter valued at $27,000. CENTRAL TRUST Co purchased a new stake in Guidewire Software in the third quarter worth $29,000. Castleview Partners LLC purchased a new stake in Guidewire Software in the third quarter worth $40,000. Finally, Lindbrook Capital LLC raised its stake in shares of Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company's stock valued at $46,000 after buying an additional 132 shares during the period.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded up $0.04 during trading on Friday, hitting $113.34. The stock had a trading volume of 237,595 shares, compared to its average volume of 608,522. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of -182.73 and a beta of 1.14. Guidewire Software, Inc. has a 12 month low of $68.45 and a 12 month high of $122.35. The business's 50-day moving average is $114.29 and its 200 day moving average is $107.24. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.22. The business had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Insider Activity at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the transaction, the chief executive officer now owns 245,375 shares of the company's stock, valued at approximately $27,420,656.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael George Rosenbaum sold 4,420 shares of the company's stock in a transaction dated Tuesday, March 19th. The stock was 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 approximately $27,420,656.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the firm's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the transaction, the insider now directly owns 148,047 shares in the company, valued at $16,485,033.45. The disclosure for this sale can be found here. Insiders have sold 9,435 shares of company stock valued at $1,053,821 over the last three months. 0.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GWRE shares. DA Davidson reissued a "buy" rating and issued a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. Raymond James assumed coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They issued an "outperform" rating and a $125.00 price target on the stock. Oppenheimer raised their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, February 22nd. Finally, Robert W. Baird boosted their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $115.11.

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.