Van ECK Associates Corp Has $9.98 Million Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Van ECK Associates Corp lowered its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 6.6% in the first quarter, HoldingsChannel reports. The firm owned 85,549 shares of the technology company’s stock after selling 6,067 shares during the period. Van ECK Associates Corp’s holdings in Guidewire Software were worth $9,984,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Partners Capital Investment Group LLP boosted its holdings in shares of Guidewire Software by 2.9% in the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000 after purchasing an additional 99 shares in the last quarter. Greenwich Wealth Management LLC increased its holdings in shares of Guidewire Software by 0.3% during the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock worth $4,051,000 after buying an additional 101 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Guidewire Software by 45.7% in the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after acquiring an additional 132 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Guidewire Software by 8.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock valued at $197,000 after acquiring an additional 142 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Guidewire Software by 18.4% during the 4th quarter. CWM LLC now owns 1,154 shares of the technology company’s stock valued at $126,000 after acquiring an additional 179 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GWRE. Robert W. Baird upped their target price on Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Citigroup boosted their target price on shares of Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a report on Tuesday, June 4th. BTIG Research raised their price target on shares of Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Wells Fargo & Company lifted their price target on shares of Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. Finally, Stifel Nicolaus increased their price objective on Guidewire Software from $130.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.08.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $751,002.28. Following the transaction, the chief executive officer now owns 239,793 shares in the company, valued at $32,261,750.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael George Rosenbaum sold 5,582 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the transaction, the chief executive officer now directly owns 239,793 shares in the company, valued at approximately $32,261,750.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 3,017 shares of Guidewire Software stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $405,907.18. Following the transaction, the chief financial officer now owns 63,479 shares of the company’s stock, valued at $8,540,464.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,064 shares of company stock worth $1,710,361. 0.38% of the stock is currently owned by company insiders.

Guidewire Software Stock Performance

Shares of GWRE stock traded up $0.28 during mid-day trading on Friday, hitting $139.40. The company’s stock had a trading volume of 156,860 shares, compared to its average volume of 628,157. Guidewire Software, Inc. has a 52 week low of $74.03 and a 52 week high of $140.55. The company’s fifty day simple moving average is $125.13 and its 200-day simple moving average is $117.37. The company has a market cap of $11.52 billion, a PE ratio of -1,068.38 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.14. The firm had revenue of $240.68 million for the quarter, compared to analyst estimates of $231.46 million. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. On average, equities analysts anticipate that Guidewire Software, Inc. will post -0.31 earnings per share for the current year.

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.