Filing Worth Watching: Learn Why Price T Rowe Associates Inc Just Purchased Guidewire Software, Inc Stake?

Filing Worth Watching: Learn Why Price T Rowe Associates Inc  Just Purchased Guidewire Software, Inc Stake?

The New Price T Rowe Associates Inc Holding in Guidewire Software, Inc

Price T Rowe Associates Inc filed with the SEC SC 13G/A form for Guidewire Software, Inc. The form can be accessed here: 000008025516001345. As reported in Price T Rowe Associates Inc ’s form, the filler as of late owns 10.8% or 7,997,728 shares of the Information Technology–company.

Guidewire Software, Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Price T Rowe Associates Inc ’s positive view for the stock. For a institutional investor managing $689.00 billion in assets and having 2216+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Guidewire Software, Inc Institutional Sentiment

Latest Security and Exchange filings show 169 investors own Guidewire Software, Inc. The institutional ownership in Q3 2015 is high, at 104.90% of the outstanding shares. This is increased by 5252747 the total institutional shares. 77103677 were the shares owned by these institutional investors. In total 25 funds opened new Guidewire Software, Inc stakes, 75 increased stakes. There were 27 that closed positions and 53 reduced them.

Friess Associates Llc is an institutional investor bullish on Guidewire Software, Inc, owning 335500 shares as of Q3 2015 for 1.64% of its portfolio. Regis Management Co Llc owns 84290 shares or 1.30% of its portfolio. X1 Champlain Investment Partners Llc have 1.83% of their stock portfolio for 1993294 shares. Further, Next Century Growth Investors Llc reported stake worth 1.82% of its US stock portfolio. The NY Suffolk Capital Management Llc owns 39800 shares. Guidewire Software, Inc is 0.28% of the manager’s US portfolio.

Business 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. The Company sells its products to a range of global P&C insurance carriers ranging from global insurers to national carriers to regional carriers. The Company’s core transaction processing includes Guidewire InsuranceSuite, Guidewire PolicyCenter, Guidewire ClaimCenter, Guidewire BillingCenter and InsuranceSuite Add-on Modules. The Company’s data management and analytics includes Guidewire DataHub, Guidewire InfoCenter, Guidewire Live and Guidewire Predictive Analytics. The Company’s digital engagement includes Guidewire Digital Portals.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Price T Rowe Associates Inc website.

Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.36, from 1.38 in 2016Q1. The ratio fall, as 23 funds sold all Guidewire Software Inc shares owned while 66 reduced positions. 33 funds bought stakes while 58 increased positions. They now own 68.37 million shares or 3.46% less from 70.81 million shares in 2016Q1.

Jane Street Gru Ltd Liability Com owns 6,108 shares or 0% of their US portfolio. Emerald Advisers Pa last reported 0.68% of its portfolio in the stock. Capstone Investment Advisors Ltd reported 16,100 shares or 0.02% of all its holdings. State Of Wisconsin Inv Board accumulated 48,760 shares or 0.01% of the stock. Ftb Advisors holds 0% of its portfolio in Guidewire Software Inc (NYSE:GWRE) for 101 shares. Eagle Asset holds 0.44% or 1.03 million shares in its portfolio. Moreover, Barometer Mngmt has 0.05% invested in Guidewire Software Inc (NYSE:GWRE) for 8,600 shares. Macquarie Grp Inc accumulated 0.04% or 326,876 shares. Wells Fargo & Mn has 1.57 million shares for 0.04% of their US portfolio. Voya Inv Mgmt Ltd Liability Com owns 359,430 shares or 0.05% of their US portfolio. Ridgeworth Capital Ltd Limited Liability Company holds 0.01% or 13,168 shares in its portfolio. California State Teachers Retirement Sys has 0.02% invested in the company for 153,020 shares. Aperio Grp Ltd Company holds 0% of its portfolio in Guidewire Software Inc (NYSE:GWRE) for 4,141 shares. Driehaus Capital Mngmt Ltd accumulated 0.15% or 66,567 shares. The Connecticut-based Aqr Mgmt Ltd Liability Corporation has invested 0% in Guidewire Software Inc (NYSE:GWRE).

Insider Transactions: Since May 13, 2016, the stock had 0 insider purchases, and 45 sales for $11.62 million net activity. Ryu Marcus also sold $1.23M worth of Guidewire Software Inc (NYSE:GWRE) on Thursday, September 1. 782 shares were sold by Roza Scott, worth $47,733. Another trade for 520 shares valued at $28,711 was sold by King James Winston. $50,640 worth of Guidewire Software Inc (NYSE:GWRE) was sold by Conway Craig on Friday, July 15. Polelle Michael had sold 208 shares worth $11,665. The insider Hart Richard sold $23,640. Hung Priscilla sold 968 shares worth $61,952.

The stock decreased 1.90% or $1.12 on November 10, hitting $57.75. About 196,086 shares traded hands. Guidewire Software Inc (NYSE:GWRE) has risen 9.31% since April 8, 2016 and is uptrending. It has outperformed by 3.66% the S&P500.

Guidewire Software, Inc. is a provider of software products for property and casualty insurers. The company has a market cap of $4.26 billion. The Company’s software serves as a technology platform for P&C insurance carriers. It has a 310.82 P/E ratio. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

Guidewire Software Inc (NYSE:GWRE) Ratings Coverage

Out of 8 analysts covering Guidewire Software (NYSE:GWRE), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. $80 is the highest target while $60 is the lowest. The $69.67 average target is 20.64% above today’s ($57.75) stock price. Guidewire Software has been the topic of 14 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Bank of America downgraded the shares of GWRE in a report on Friday, September 16 to “Underperform” rating. On Thursday, June 2 the stock rating was maintained by UBS with “Buy”. The stock of Guidewire Software Inc (NYSE:GWRE) has “Buy” rating given on Friday, October 30 by Citigroup. The firm has “Buy” rating by Deutsche Bank given on Thursday, June 2. The firm has “Overweight” rating by Piper Jaffray given on Wednesday, June 1. The stock has “Buy” rating given by Citigroup on Thursday, June 2. The stock of Guidewire Software Inc (NYSE:GWRE) has “Neutral” rating given on Tuesday, October 4 by Goldman Sachs.

More news for Guidewire Software Inc (NYSE:GWRE) were recently published by: Businesswire.com, which released: “Guidewire to Acquire FirstBest Systems” on August 04, 2016. Benzinga.com‘s article titled: “Guidewire Software Has 5% Downside” and published on October 04, 2016 is yet another important article.

According to Zacks Investment Research, “Guidewire Software Inc. provides core systems to the insurance industry. Its core system suite spans the entire property/casualty insurance lifecycle like underwriting, policy administration, billing, claims, and reinsurance management. Guidewire Software Inc. is headquartered in San Mateo, California.”

GWRE Company Profile

Guidewire Software, Inc., incorporated on September 20, 2001, is a well-known 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. The Firm sells its products to a range of global P&C insurance carriers ranging from global insurers to national carriers to regional carriers.

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