Handelsinvest Investeringsforvaltning Sells 1,599 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Handelsinvest Investeringsforvaltning trimmed its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 34.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,080 shares of the technology company’s stock after selling 1,599 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Guidewire Software were worth $359,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Partners Capital Investment Group LLP lifted its holdings in Guidewire Software by 2.9% during the fourth quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000 after purchasing an additional 99 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in Guidewire Software by 0.3% during the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock valued at $4,051,000 after purchasing an additional 101 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Guidewire Software by 45.7% during the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Guidewire Software by 8.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock valued at $197,000 after purchasing an additional 142 shares in the last quarter. Finally, CWM LLC lifted its holdings in Guidewire Software by 18.4% during the fourth quarter. CWM LLC now owns 1,154 shares of the technology company’s stock valued at $126,000 after purchasing an additional 179 shares in the last quarter.

Insider Transactions at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $134.20, for a total value of $236,863.00. Following the transaction, the chief financial officer now directly owns 61,714 shares in the company, valued at $8,282,018.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $134.20, for a total value of $236,863.00. Following the transaction, the chief financial officer now directly owns 61,714 shares in the company, valued at $8,282,018.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total transaction of $751,002.28. Following the completion of the transaction, the chief executive officer now owns 239,793 shares in the company, valued at $32,261,750.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,064 shares of company stock worth $1,710,361. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GWRE. Bank of America boosted their target price on shares of Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a report on Wednesday, June 5th. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Oppenheimer boosted their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $133.08.

Guidewire Software Trading Up 0.3 %

GWRE stock opened at $139.24 on Thursday. Guidewire Software, Inc. has a twelve month low of $74.03 and a twelve month high of $140.55. The firm’s fifty day simple moving average is $124.59 and its two-hundred day simple moving average is $117.22.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.14. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. The business had revenue of $240.68 million for the quarter, compared to analysts’ expectations of $231.46 million. Analysts anticipate that Guidewire Software, Inc. will post -0.31 EPS for the current year.

About Guidewire Software

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.