Guidewire Software, Inc. (NYSE:GWRE) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,902 shares of the technology company’s stock after buying an additional 459 shares during the period. Pictet Asset Management Holding SA’s holdings in Guidewire Software were worth $1,838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc acquired a new position in Guidewire Software in the fourth quarter valued at $25,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Guidewire Software during the 4th quarter worth about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock worth $34,000 after purchasing an additional 99 shares in the last quarter. R Squared Ltd acquired a new position in Guidewire Software during the fourth quarter valued at approximately $47,000. Finally, Tobam acquired a new position in Guidewire Software during the fourth quarter valued at approximately $52,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GWRE shares. Oppenheimer raised their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Royal Bank of Canada increased their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Robert W. Baird boosted their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

Insider Buying and Selling at Guidewire Software

In related news, CFO Jeffrey Elliott Cooper sold 300 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $52,434.00. Following the sale, the chief financial officer now owns 73,494 shares in the company, valued at $12,845,281.32. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Winston King sold 270 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the completion of the transaction, the insider now directly owns 45,664 shares in the company, valued at $7,981,153.92. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,880 shares of company stock worth $7,850,222 over the last quarter. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Stock Down 5.3 %

Shares of NYSE:GWRE opened at $174.35 on Friday. The firm has a market cap of $14.62 billion, a PE ratio of 484.30, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a fifty day simple moving average of $198.84 and a 200 day simple moving average of $189.07. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. On average, equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 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.