Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 82.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,708 shares of the technology company’s stock after selling 70,379 shares during the period. Candriam S.C.A.’s holdings in Guidewire Software were worth $2,479,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Atomi Financial Group Inc. grew its stake in shares of Guidewire Software by 22.2% during the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock worth $453,000 after purchasing an additional 488 shares in the last quarter. Donoghue Forlines LLC acquired a new position in shares of Guidewire Software during the fourth quarter worth $2,110,000. Icon Wealth Advisors LLC grew its stake in shares of Guidewire Software by 72.4% during the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after purchasing an additional 2,512 shares in the last quarter. GDS Wealth Management grew its stake in shares of Guidewire Software by 618.5% during the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after purchasing an additional 16,142 shares in the last quarter. Finally, Whale Rock Capital Management LLC grew its stake in shares of Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after purchasing an additional 31,512 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have issued reports on GWRE shares. Royal Bank of Canada upped their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday. DA Davidson restated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company upped their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total value of $284,382.00. Following the completion of the transaction, the chief executive officer now directly owns 270,530 shares of the company’s stock, valued at approximately $54,952,758.90. This trade represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $170.43, for a total transaction of $230,080.50. Following the completion of the transaction, the president now directly owns 180,746 shares of the company’s stock, valued at approximately $30,804,540.78. This trade represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,656 shares of company stock valued at $7,856,836. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Trading Down 7.1 %

NYSE GWRE opened at $173.72 on Monday. The stock has a market capitalization of $14.51 billion, a P/E ratio of 482.56, a P/E/G ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The firm has a 50-day moving average price of $194.68 and a 200 day moving average price of $185.09. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Equities research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software 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.