Principal Financial Group Inc. lowered its position in Guidewire Software, Inc. (NYSE:GWRE) by 17.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,194 shares of the technology company’s stock after selling 2,097 shares during the period. Principal Financial Group Inc.’s holdings in Guidewire Software were worth $794,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GWRE. Aperio Group LLC boosted its position in Guidewire Software by 5.3% during the second quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after purchasing an additional 269 shares during the period. Russell Investments Group Ltd. boosted its position in Guidewire Software by 19.7% during the second quarter. Russell Investments Group Ltd. now owns 34,162 shares of the technology company’s stock worth $2,347,000 after purchasing an additional 5,615 shares during the period. Janney Montgomery Scott LLC bought a new stake in Guidewire Software during the second quarter worth approximately $409,000. TD Asset Management Inc. boosted its position in Guidewire Software by 5.6% during the second quarter. TD Asset Management Inc. now owns 111,500 shares of the technology company’s stock worth $7,661,000 after purchasing an additional 5,900 shares during the period. Finally, Global X Management Co. LLC boosted its position in Guidewire Software by 400.6% during the second quarter. Global X Management Co. LLC now owns 6,198 shares of the technology company’s stock worth $426,000 after purchasing an additional 4,960 shares during the period.

Shares of Guidewire Software, Inc. (NYSE:GWRE) opened at $73.61 on Thursday. Guidewire Software, Inc. has a 12-month low of $49.18 and a 12-month high of $83.52. The firm has a market capitalization of $5,547.40, a P/E ratio of 184.02, a PEG ratio of 83.54 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, November 29th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. The business had revenue of $108.20 million during the quarter, compared to the consensus estimate of $100.61 million. During the same period in the prior year, the company posted $0.02 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. equities analysts anticipate that Guidewire Software, Inc. will post 0.06 EPS for the current fiscal year.

A number of equities research analysts have issued reports on GWRE shares. KeyCorp reaffirmed a “buy” rating and set a $75.00 target price on shares of Guidewire Software in a research report on Friday, August 25th. Zacks Investment Research cut Guidewire Software from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $80.00 target price on shares of Guidewire Software in a research report on Sunday, August 27th. Citigroup reaffirmed a “buy” rating and set a $85.00 target price (up previously from $79.00) on shares of Guidewire Software in a research report on Thursday, September 7th. Finally, Bank of America upped their target price on Guidewire Software from $74.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Guidewire Software has a consensus rating of “Buy” and an average price target of $80.11.

In related news, CFO Richard Hart sold 1,114 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $72.80, for a total value of $81,099.20. Following the completion of the transaction, the chief financial officer now directly owns 4,776 shares in the company, valued at $347,692.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marcus Ryu sold 25,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 76,178 shares of the company’s stock, valued at $5,580,800.28. The disclosure for this sale can be found here. Insiders sold 115,084 shares of company stock valued at $8,869,942 over the last 90 days. 0.69% of the stock is currently owned by corporate insiders.

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

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