Deutsche Bank AG Buys Shares of 338,477 Guidewire Software, Inc. $GWRE

Deutsche Bank AG purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the second quarter, HoldingsChannel reports. The firm purchased 338,477 shares of the technology company’s stock, valued at approximately $41,650,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after buying an additional 145,924 shares during the last quarter. Stockbridge Partners LLC raised its holdings in shares of Guidewire Software by 39.0% in the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after acquiring an additional 405,850 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Guidewire Software by 3.6% in the fourth quarter. AQR Capital Management LLC now owns 1,316,817 shares of the technology company’s stock worth $264,693,000 after acquiring an additional 45,289 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Guidewire Software by 547.3% in the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after acquiring an additional 997,992 shares in the last quarter. Finally, Capital World Investors purchased a new stake in shares of Guidewire Software in the fourth quarter valued at $202,405,000.

Guidewire Software Price Performance

GWRE opened at $189.19 on Friday. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60. The firm has a market cap of $15.75 billion, a price-to-earnings ratio of 102.26 and a beta of 0.92. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $144.61 and a 200 day simple moving average of $141.87.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The company had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business’s revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. Equities research analysts expect that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $172.88, for a total value of $207,456.00. Following the sale, the chief executive officer directly owned 188,976 shares in the company, valued at $32,670,170.88. This trade represents a 0.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Elliott Cooper sold 1,348 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $105.67, for a total transaction of $142,443.16. Following the completion of the sale, the chief financial officer directly owned 62,119 shares of the company’s stock, valued at approximately $6,564,114.73. This represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 44,593 shares of company stock worth $6,572,106 in the last 90 days. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GWRE shares. BTIG Research reaffirmed a “buy” rating and set a $175.00 price target on shares of Guidewire Software in a research note on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Royal Bank Of Canada reduced their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. DA Davidson cut their price target on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Finally, Wells Fargo & Company decreased their price target on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $221.64.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.