Pragma Gestao DE Patrimonio Ltd. Lowers Stake in Guidewire Software, Inc. (NYSE:GWRE)

Pragma Gestao DE Patrimonio Ltd. cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 17.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,000 shares of the technology company’s stock after selling 10,000 shares during the period. Guidewire Software accounts for approximately 4.4% of Pragma Gestao DE Patrimonio Ltd.’s investment portfolio, making the stock its 14th biggest holding. Pragma Gestao DE Patrimonio Ltd. owned about 0.06% of Guidewire Software worth $8,598,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after acquiring an additional 60 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after acquiring an additional 79 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Guidewire Software by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after purchasing an additional 116 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in shares of Guidewire Software by 4.8% during the second quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock worth $392,000 after purchasing an additional 130 shares in the last quarter. Finally, Legacy Advisors LLC boosted its stake in Guidewire Software by 1.6% in the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock valued at $1,148,000 after acquiring an additional 135 shares in the last quarter.

Guidewire Software Price Performance

Guidewire Software stock opened at $194.95 on Friday. The firm’s 50 day simple moving average is $178.91 and its 200-day simple moving average is $149.09. Guidewire Software, Inc. has a fifty-two week low of $89.36 and a fifty-two week high of $196.65.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. The company 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 company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. On average, analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Insider Activity at Guidewire Software

In other news, insider James Winston King sold 4,514 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the transaction, the insider now directly owns 48,237 shares of the company’s stock, valued at $8,328,600.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider James Winston King sold 4,514 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the transaction, the insider now directly owns 48,237 shares of the company’s stock, valued at $8,328,600.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the transaction, the chief executive officer now owns 287,662 shares in the company, valued at $49,523,889.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $9,050,448 in the last ninety days. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GWRE shares. Wells Fargo & Company upped their target price on shares of Guidewire Software from $200.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Robert W. Baird raised their target price on shares of Guidewire Software from $175.00 to $204.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Citigroup raised their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada lifted their price target on shares of Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.62.

About Guidewire Software

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.