Regis Management CO LLC trimmed its position in Guidewire Software, Inc. (NYSE:GWRE) by 11.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,732 shares of the technology company’s stock after selling 9,025 shares during the quarter. Guidewire Software comprises 0.8% of Regis Management CO LLC’s investment portfolio, making the stock its 23rd biggest position. Regis Management CO LLC owned 0.09% of Guidewire Software worth $4,791,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GWRE. Vanguard Group Inc. lifted its stake in shares of Guidewire Software by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock valued at $397,816,000 after purchasing an additional 96,478 shares during the last quarter. BlackRock Inc. increased its position in shares of Guidewire Software by 3.4% during the 2nd quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock worth $218,156,000 after purchasing an additional 103,707 shares during the last quarter. Champlain Investment Partners LLC increased its position in shares of Guidewire Software by 25.3% during the 1st quarter. Champlain Investment Partners LLC now owns 2,156,880 shares of the technology company’s stock worth $121,497,000 after purchasing an additional 435,600 shares during the last quarter. Blair William & Co. IL increased its position in shares of Guidewire Software by 2.7% during the 2nd quarter. Blair William & Co. IL now owns 1,134,346 shares of the technology company’s stock worth $77,941,000 after purchasing an additional 29,439 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Guidewire Software by 7.7% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,089,847 shares of the technology company’s stock worth $74,883,000 after purchasing an additional 77,663 shares during the last quarter.

Several brokerages recently issued reports on GWRE. KeyCorp restated a “buy” rating and issued a $75.00 price objective on shares of Guidewire Software in a report on Friday, August 25th. Zacks Investment Research raised shares of Guidewire Software from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Wednesday, July 12th. Piper Jaffray Companies raised shares of Guidewire Software from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $75.00 in a research note on Tuesday, June 13th. Citigroup Inc. reiterated a “buy” rating and set a $85.00 price target (up from $79.00) on shares of Guidewire Software in a research report on Thursday, September 7th. Finally, Bank of America Corporation lifted their price target on shares of Guidewire Software from $74.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, September 7th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $80.67.

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In related news, CEO Marcus Ryu sold 10,342 shares of Guidewire Software stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $68.91, for a total transaction of $712,667.22. Following the sale, the chief executive officer now owns 199,481 shares of the company’s stock, valued at approximately $13,746,235.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Hart sold 375 shares of Guidewire Software stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $68.37, for a total transaction of $25,638.75. Following the sale, the chief financial officer now directly owns 3,880 shares in the company, valued at approximately $265,275.60. The disclosure for this sale can be found here. Insiders sold 135,761 shares of company stock valued at $10,169,765 in the last ninety days. 0.96% of the stock is owned by corporate insiders.

Shares of Guidewire Software, Inc. (NYSE:GWRE) traded up 0.17% during mid-day trading on Tuesday, reaching $77.66. 187,927 shares of the company’s stock were exchanged. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 277.36 and a beta of 1.22. Guidewire Software, Inc. has a 52 week low of $49.18 and a 52 week high of $81.46. The stock has a 50 day moving average price of $75.48 and a 200 day moving average price of $67.53.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.39 by $0.20. The firm had revenue of $181.10 million for the quarter, compared to analyst estimates of $168.61 million. Guidewire Software had a return on equity of 3.59% and a net margin of 4.13%. Guidewire Software’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. Equities research analysts predict that Guidewire Software, Inc. will post $1.03 EPS for the current year.

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.

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

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