Guidewire Software, Inc. (NYSE:GWRE) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. grew its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,289 shares of the technology company’s stock after purchasing an additional 171 shares during the quarter. Raymond James Trust N.A.’s holdings in Guidewire Software were worth $2,980,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in GWRE. Rothschild Investment LLC purchased a new position in Guidewire Software during the 2nd quarter worth $31,000. Assetmark Inc. grew its holdings in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the last quarter. Lynx Investment Advisory acquired a new position in Guidewire Software in the 2nd quarter valued at about $41,000. DT Investment Partners LLC acquired a new position in Guidewire Software in the 2nd quarter valued at about $41,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Guidewire Software during the 2nd quarter valued at approximately $55,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GWRE shares. Royal Bank of Canada restated an “outperform” rating and set a $215.00 price target on shares of Guidewire Software in a research note on Tuesday. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. DA Davidson restated a “buy” rating and issued a $168.00 target price on shares of Guidewire Software in a research note on Friday, September 6th. JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus increased their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday. 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 company’s stock. According to MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $183.69.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. The trade was a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the president now directly owns 189,261 shares in the company, valued at approximately $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,601 shares of company stock worth $9,116,179. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Stock Performance

GWRE opened at $202.77 on Friday. Guidewire Software, Inc. has a 1-year low of $95.02 and a 1-year high of $202.99. The stock’s 50 day simple moving average is $185.74 and its 200 day simple moving average is $154.29.

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