Guidewire Software, Inc. (GWRE) Shares Bought by Bamco Inc. NY

Bamco Inc. NY boosted its stake in Guidewire Software, Inc. (NYSE:GWRE) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,082,409 shares of the technology company’s stock after buying an additional 151,238 shares during the quarter. Guidewire Software makes up about 1.9% of Bamco Inc. NY’s investment portfolio, making the stock its 8th largest position. Bamco Inc. NY owned 6.74% of Guidewire Software worth $395,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in Guidewire Software by 51.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 88,489 shares of the technology company’s stock valued at $6,079,000 after buying an additional 30,089 shares in the last quarter. Aperio Group LLC boosted its stake in Guidewire Software by 5.3% in the 2nd quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock valued at $369,000 after buying an additional 269 shares in the last quarter. First Trust Advisors LP boosted its stake in Guidewire Software by 3,290.9% in the 3rd quarter. First Trust Advisors LP now owns 105,797 shares of the technology company’s stock valued at $8,237,000 after buying an additional 102,677 shares in the last quarter. BlackRock Inc. boosted its stake in Guidewire Software by 3.4% in the 2nd 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 in the last quarter. Finally, Koch Industries Inc. acquired a new stake in Guidewire Software in the 2nd quarter valued at $304,000.

Several analysts recently commented on the company. Zacks Investment Research lowered Guidewire Software from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Citigroup reiterated a “buy” rating and issued a $85.00 price objective (up previously from $79.00) on shares of Guidewire Software in a research report on Thursday, September 7th. TheStreet upgraded Guidewire Software from a “c+” rating to a “b” rating in a research report on Wednesday, September 6th. Deutsche Bank reiterated a “buy” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Guidewire Software in a research report on Monday, October 2nd. Finally, BidaskClub downgraded Guidewire Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Guidewire Software has an average rating of “Buy” and a consensus target price of $80.11.

In other news, CEO Marcus Ryu sold 25,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $73.26, for a total transaction of $1,831,500.00. Following the completion of the sale, the chief executive officer now owns 76,178 shares in the company, valued at $5,580,800.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Richard Hart sold 3,996 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $77.05, for a total value of $307,891.80. Following the sale, the chief financial officer now owns 4,158 shares of the company’s stock, valued at approximately $320,373.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,179 shares of company stock valued at $8,805,151. 0.69% of the stock is currently owned by corporate insiders.

Shares of Guidewire Software, Inc. (GWRE) traded up $0.08 on Monday, reaching $72.95. The company’s stock had a trading volume of 21,958 shares, compared to its average volume of 471,563. Guidewire Software, Inc. has a 52-week low of $49.18 and a 52-week high of $83.52. The company has a market cap of $5,491.64, a P/E ratio of 182.18, a price-to-earnings-growth ratio of 82.70 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). The firm had revenue of $108.20 million for the quarter, compared to the consensus estimate of $100.61 million. Guidewire Software had a return on equity of 3.29% and a net margin of 3.82%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS. sell-side analysts expect that Guidewire Software, Inc. will post 0.06 earnings per share for the current fiscal year.

WARNING: “Guidewire Software, Inc. (GWRE) Shares Bought by Bamco Inc. NY” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.com-unik.info/2017/12/11/guidewire-software-inc-gwre-shares-bought-by-bamco-inc-ny.html.

About Guidewire Software

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.

Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

Receive News & Ratings for Guidewire Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit