Robeco Institutional Asset Management B.V. Buys 88,304 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 192.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,266 shares of the technology company’s stock after acquiring an additional 88,304 shares during the period. Robeco Institutional Asset Management B.V. owned 0.16% of Guidewire Software worth $22,635,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after acquiring an additional 679,558 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after purchasing an additional 256,702 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Guidewire Software during the 3rd quarter worth $26,501,000. Janus Henderson Group PLC raised its holdings in shares of Guidewire Software by 355.8% during the 3rd quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock worth $29,719,000 after buying an additional 126,806 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Guidewire Software by 370.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock worth $27,501,000 after buying an additional 118,369 shares during the last quarter.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 7,165 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the transaction, the president now directly owns 182,096 shares of the company’s stock, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Winston King sold 270 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the transaction, the insider now owns 45,664 shares in the company, valued at $7,981,153.92. The trade was a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,706 shares of company stock worth $5,570,969 over the last three months. 0.48% of the stock is owned by company insiders.

Guidewire Software Stock Performance

NYSE:GWRE opened at $211.37 on Friday. The company has a market capitalization of $17.65 billion, a PE ratio of 587.13, a P/E/G ratio of 47.71 and a beta of 1.23. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $212.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The company has a 50 day simple moving average of $183.42 and a two-hundred day simple moving average of $173.45.

Analyst Upgrades and Downgrades

GWRE has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus increased their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. Wells Fargo & Company raised their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, 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 report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average target price of $196.08.

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.