Natixis Advisors LLC Reduces Position in Guidewire Software, Inc. (NYSE:GWRE)

Natixis Advisors LLC reduced its stake in Guidewire Software, Inc. (NYSE:GWRE) by 13.3% during the 3rd quarter, Holdings Channel reports. The fund owned 52,381 shares of the technology company’s stock after selling 8,005 shares during the period. Natixis Advisors LLC’s holdings in Guidewire Software were worth $9,583,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GWRE. CIBC Asset Management Inc lifted its stake in shares of Guidewire Software by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after purchasing an additional 87 shares during the period. KBC Group NV lifted its position in Guidewire Software by 15.3% during the third quarter. KBC Group NV now owns 2,087 shares of the technology company’s stock worth $382,000 after buying an additional 277 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Guidewire Software in the 3rd quarter worth about $415,000. Aigen Investment Management LP purchased a new stake in Guidewire Software in the 3rd quarter valued at about $553,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Guidewire Software during the 3rd quarter valued at about $219,000.

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the sale, the president now owns 190,611 shares of the company’s stock, valued at approximately $35,773,872.48. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Winston King sold 4,514 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now directly owns 48,237 shares in the company, valued at $8,328,600.42. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock worth $9,116,179 in the last 90 days. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. BTIG Research upped their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30th. JMP Securities lifted their target price on Guidewire Software from $179.00 to $200.00 and gave the company a “market outperform” rating in a report on Friday, October 11th. Robert W. Baird upped their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Citigroup lifted their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $183.69.

Guidewire Software Trading Up 1.4 %

NYSE GWRE opened at $200.00 on Friday. The company’s fifty day simple moving average is $185.74 and its 200-day simple moving average is $154.29. The stock has a market cap of $16.70 billion, a P/E ratio of -2,499.64, a PEG ratio of 50.80 and a beta of 1.18. Guidewire Software, Inc. has a 52 week low of $95.02 and a 52 week high of $201.60.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, research analysts expect that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

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.