Prudential Financial Inc. purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,070 shares of the technology company’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Guidewire Software by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 5,693,314 shares of the technology company’s stock worth $320,705,000 after acquiring an additional 261,105 shares during the period. BlackRock Inc. lifted its position in Guidewire Software by 33,371.0% during the 1st quarter. BlackRock Inc. now owns 3,071,300 shares of the technology company’s stock worth $173,006,000 after acquiring an additional 3,062,124 shares during the period. Blair William & Co. IL lifted its position in 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 acquiring an additional 29,439 shares during the period. Goldman Sachs Group Inc. lifted its position in Guidewire Software by 49.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 988,047 shares of the technology company’s stock worth $55,656,000 after acquiring an additional 329,005 shares during the period. Finally, State Street Corp lifted its position in Guidewire Software by 3.3% during the 1st quarter. State Street Corp now owns 950,535 shares of the technology company’s stock worth $53,547,000 after acquiring an additional 29,980 shares during the period.

A number of brokerages have commented on GWRE. Zacks Investment Research cut Guidewire Software from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. TheStreet raised Guidewire Software from a “c+” rating to a “b” rating in a research report on Wednesday, September 6th. KeyCorp reaffirmed a “buy” rating and set a $86.00 price target on shares of Guidewire Software in a research report on Friday, September 29th. Stifel Nicolaus lifted their price target on Guidewire Software from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Finally, ValuEngine raised Guidewire Software from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $80.67.

In other Guidewire Software news, CFO Richard Hart sold 375 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $70.94, for a total value of $26,602.50. Following the completion of the transaction, the chief financial officer now directly owns 3,880 shares of the company’s stock, valued at $275,247.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marcus Ryu sold 25,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $78.56, for a total transaction of $1,964,000.00. Following the completion of the transaction, the chief executive officer now directly owns 149,678 shares of the company’s stock, valued at $11,758,703.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,870 shares of company stock valued at $8,727,708. 0.96% of the stock is owned by insiders.

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Guidewire Software, Inc. (GWRE) opened at 78.30 on Friday. The company has a 50 day moving average price of $77.34 and a 200 day moving average price of $68.79. Guidewire Software, Inc. has a 52 week low of $49.18 and a 52 week high of $81.46. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 279.64 and a beta of 1.22.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.20. The firm had revenue of $181.10 million during the quarter, compared to the consensus estimate of $168.61 million. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The firm’s revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share. Analysts expect that Guidewire Software, Inc. will post $0.98 EPS for the current fiscal year.

Guidewire Software 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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