Pinebridge Investments L.P. acquired a new position in Guidewire Software, Inc. (NYSE:GWRE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 37,386 shares of the technology company’s stock, valued at approximately $2,910,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GWRE. Vanguard Group Inc. raised its stake in Guidewire Software by 1.7% during the second quarter. Vanguard Group Inc. now owns 5,789,792 shares of the technology company’s stock valued at $397,816,000 after buying an additional 96,478 shares during the last quarter. BlackRock Inc. raised its stake in Guidewire Software by 3.4% during the second quarter. BlackRock Inc. now owns 3,175,007 shares of the technology company’s stock valued at $218,156,000 after buying an additional 103,707 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Guidewire Software during the second quarter valued at $113,628,000. Eagle Asset Management Inc. raised its stake in Guidewire Software by 5.1% during the third quarter. Eagle Asset Management Inc. now owns 1,145,732 shares of the technology company’s stock valued at $88,828,000 after buying an additional 55,885 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in Guidewire Software by 2.7% during the second quarter. Blair William & Co. IL now owns 1,134,346 shares of the technology company’s stock valued at $77,941,000 after buying an additional 29,439 shares during the last quarter.
In other news, Director Guy Dubois sold 1,026 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $74.15, for a total transaction of $76,077.90. Following the transaction, the director now owns 10,113 shares of the company’s stock, valued at $749,878.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marcus Ryu sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $73.26, for a total value of $1,831,500.00. Following the transaction, the chief executive officer now directly owns 76,178 shares in the company, valued at approximately $5,580,800.28. The disclosure for this sale can be found here. Insiders sold 114,043 shares of company stock worth $8,795,208 over the last quarter. 0.69% of the stock is owned by company insiders.
Shares of Guidewire Software, Inc. (NYSE:GWRE) traded up $0.44 during trading on Wednesday, hitting $70.89. The stock had a trading volume of 105,745 shares, compared to its average volume of 467,869. Guidewire Software, Inc. has a fifty-two week low of $49.18 and a fifty-two week high of $83.52. The stock has a market capitalization of $5,310.77, a P/E ratio of 176.18, a price-to-earnings-growth ratio of 79.97 and a beta of 1.18.
Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). The firm had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $100.61 million. Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. Guidewire Software’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 earnings per share. research analysts anticipate that Guidewire Software, Inc. will post 0.06 earnings per share for the current year.
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Guidewire Software Company 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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