Guidewire Software, Inc. (GWRE) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its stake in Guidewire Software, Inc. (NYSE:GWRE) by 43.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,585 shares of the technology company’s stock after selling 115,850 shares during the quarter. Allianz Asset Management GmbH owned 0.20% of Guidewire Software worth $11,725,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC boosted its holdings in Guidewire Software by 5.3% during the second quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after purchasing an additional 269 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Guidewire Software by 19.7% during the second quarter. Russell Investments Group Ltd. now owns 34,162 shares of the technology company’s stock worth $2,347,000 after purchasing an additional 5,615 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Guidewire Software during the second quarter worth $409,000. Global X Management Co. LLC boosted its holdings in Guidewire Software by 400.6% during the second quarter. Global X Management Co. LLC now owns 6,198 shares of the technology company’s stock worth $426,000 after purchasing an additional 4,960 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Guidewire Software by 10.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 307,367 shares of the technology company’s stock worth $21,120,000 after purchasing an additional 28,021 shares during the last quarter.

In other news, CFO Richard Hart sold 375 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $77.40, for a total value of $29,025.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Marcus Ryu sold 13,249 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $77.79, for a total transaction of $1,030,639.71. Following the completion of the transaction, the chief executive officer now directly owns 161,889 shares in the company, valued at $12,593,345.31. The disclosure for this sale can be found here. Insiders sold 113,702 shares of company stock worth $8,761,869 over the last three months. Insiders own 0.69% of the company’s stock.

Several analysts have issued reports on the stock. TheStreet lowered shares of Guidewire Software from a “b” rating to a “c+” rating in a research report on Wednesday, November 29th. Deutsche Bank reaffirmed a “buy” rating and set a $85.00 price target on shares of Guidewire Software in a research report on Thursday, November 30th. Citigroup set a $85.00 price target on shares of Guidewire Software and gave the stock a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research lowered shares of Guidewire Software from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, BidaskClub lowered shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $80.11.

Shares of Guidewire Software, Inc. (NYSE:GWRE) opened at $74.23 on Friday. The stock has a market cap of $5,528.56, a price-to-earnings ratio of 183.40, a price-to-earnings-growth ratio of 83.25 and a beta of 1.18. Guidewire Software, Inc. has a 1 year low of $49.18 and a 1 year high of $83.52.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.10). The company had revenue of $108.20 million during the quarter, compared to the consensus estimate of $100.61 million. Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. Guidewire Software’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. equities analysts predict that Guidewire Software, Inc. will post 0.06 EPS for the current fiscal year.

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Guidewire Software Company Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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