Aperio Group LLC raised its position in Guidewire Software, Inc. (NYSE:GWRE) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,369 shares of the technology company’s stock after buying an additional 269 shares during the period. Aperio Group LLC’s holdings in Guidewire Software were worth $369,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GWRE. Schwab Charles Investment Management Inc. increased its stake in Guidewire Software by 4.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 279,346 shares of the technology company’s stock valued at $15,736,000 after buying an additional 12,434 shares during the period. Brown Capital Management LLC increased its stake in Guidewire Software by 3.1% in the first quarter. Brown Capital Management LLC now owns 4,246,662 shares of the technology company’s stock valued at $239,214,000 after buying an additional 126,719 shares during the period. BlackRock Inc. increased its stake in Guidewire Software by 33,371.0% in the first quarter. BlackRock Inc. now owns 3,071,300 shares of the technology company’s stock valued at $173,006,000 after buying an additional 3,062,124 shares during the period. Pacer Advisors Inc. increased its stake in Guidewire Software by 9.5% in the first quarter. Pacer Advisors Inc. now owns 8,100 shares of the technology company’s stock valued at $456,000 after buying an additional 703 shares during the period. Finally, Bank of Montreal Can increased its stake in Guidewire Software by 1,389.7% in the first quarter. Bank of Montreal Can now owns 58,618 shares of the technology company’s stock valued at $3,302,000 after buying an additional 54,683 shares during the period.

Shares of Guidewire Software, Inc. (NYSE:GWRE) traded up 1.9570% during midday trading on Wednesday, reaching $75.5399. 131,950 shares of the company were exchanged. The company has a market capitalization of $5.62 billion, a PE ratio of 551.3862 and a beta of 1.27. The stock’s 50-day moving average price is $70.96 and its 200-day moving average price is $63.58. Guidewire Software, Inc. has a 52-week low of $49.18 and a 52-week high of $75.54.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, June 1st. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.19. The firm had revenue of $123.44 million for the quarter, compared to analyst estimates of $104.55 million. Guidewire Software had a net margin of 2.19% and a return on equity of 1.97%. The business’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Analysts anticipate that Guidewire Software, Inc. will post $0.85 EPS for the current year.

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Several analysts recently weighed in on GWRE shares. Zacks Investment Research upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Wednesday, July 12th. Piper Jaffray Companies upgraded shares of Guidewire Software from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $70.00 to $75.00 in a report on Tuesday, June 13th. Bank of America Corporation upgraded shares of Guidewire Software from an “underperform” rating to a “neutral” rating and set a $68.00 target price for the company in a report on Monday, May 15th. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $61.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC upgraded shares of Guidewire Software from a “neutral” rating to an “overweight” rating in a research note on Tuesday, June 13th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $75.78.

In related news, Director Clifton Thomas Weatherford sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $70.05, for a total transaction of $350,250.00. Following the transaction, the director now owns 21,005 shares in the company, valued at approximately $1,471,400.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marcus Ryu sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $66.86, for a total transaction of $1,337,200.00. Following the transaction, the chief executive officer now owns 201,775 shares in the company, valued at approximately $13,490,676.50. The disclosure for this sale can be found here. Insiders sold a total of 105,578 shares of company stock worth $7,282,655 in the last three months. Insiders own 0.96% of the company’s stock.

About Guidewire Software

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.

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

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