Edmond DE Rothschild Holding S.A. Lowers Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Edmond DE Rothschild Holding S.A. decreased its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 10.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 819,833 shares of the technology company’s stock after selling 97,738 shares during the period. Guidewire Software makes up 1.6% of Edmond DE Rothschild Holding S.A.’s holdings, making the stock its 12th largest holding. Edmond DE Rothschild Holding S.A.’s holdings in Guidewire Software were worth $89,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of GWRE. Invesco Ltd. boosted its stake in shares of Guidewire Software by 141.4% during the 3rd quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock worth $165,831,000 after acquiring an additional 1,079,268 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Guidewire Software during the 4th quarter worth approximately $105,311,000. Norges Bank acquired a new position in shares of Guidewire Software during the 4th quarter worth approximately $97,829,000. Van ECK Associates Corp raised its position in shares of Guidewire Software by 16.2% during the 3rd quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company’s stock worth $190,440,000 after purchasing an additional 294,631 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Guidewire Software by 628.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 313,151 shares of the technology company’s stock worth $28,184,000 after purchasing an additional 270,169 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently issued reports on GWRE shares. Oppenheimer lifted their price objective on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Raymond James initiated coverage on Guidewire Software in a report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price target for the company. Robert W. Baird boosted their price target on Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $126.00 price target on shares of Guidewire Software in a report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $115.11.

Insider Buying and Selling

In related news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the sale, the insider now directly owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the sale, the insider now owns 148,047 shares in the company, valued at $16,485,033.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John P. Mullen sold 3,665 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the sale, the insider now owns 149,397 shares in the company, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. In the last three months, insiders sold 10,785 shares of company stock valued at $1,220,087. Company insiders own 0.38% of the company’s stock.

Guidewire Software Trading Down 0.4 %

Shares of GWRE stock traded down $0.43 on Monday, reaching $120.92. 405,600 shares of the stock were exchanged, compared to its average volume of 577,662. The firm has a 50 day moving average of $115.25 and a two-hundred day moving average of $111.13. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32. Guidewire Software, Inc. has a 1-year low of $68.45 and a 1-year high of $125.35. The stock has a market cap of $9.95 billion, a P/E ratio of -195.03 and a beta of 1.14.

Guidewire Software (NYSE:GWRE) last announced its quarterly 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. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The firm had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $240.93 million. On average, research analysts anticipate that Guidewire Software, Inc. will post -0.42 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.