Artisan Partners Limited Partnership Trims Stake in Guidewire Software, Inc. (NYSE:GWRE)

Artisan Partners Limited Partnership reduced its stake in Guidewire Software, Inc. (NYSE:GWREGet Rating) by 14.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,024,689 shares of the technology company’s stock after selling 177,524 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Guidewire Software were worth $72,743,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Guidewire Software by 2.1% in the first quarter. Principal Financial Group Inc. now owns 5,197,607 shares of the technology company’s stock worth $491,797,000 after purchasing an additional 109,373 shares during the period. William Blair Investment Management LLC increased its stake in Guidewire Software by 6.5% in the 2nd quarter. William Blair Investment Management LLC now owns 2,316,108 shares of the technology company’s stock worth $164,421,000 after buying an additional 140,725 shares in the last quarter. Route One Investment Company L.P. raised its holdings in Guidewire Software by 14.6% during the first quarter. Route One Investment Company L.P. now owns 2,245,730 shares of the technology company’s stock valued at $212,491,000 after acquiring an additional 286,750 shares during the period. Van ECK Associates Corp lifted its position in shares of Guidewire Software by 22.9% in the second quarter. Van ECK Associates Corp now owns 2,135,539 shares of the technology company’s stock valued at $151,602,000 after acquiring an additional 398,155 shares in the last quarter. Finally, Jarislowsky Fraser Ltd boosted its stake in shares of Guidewire Software by 3.2% in the second quarter. Jarislowsky Fraser Ltd now owns 1,420,881 shares of the technology company’s stock worth $100,868,000 after acquiring an additional 44,434 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 27,786 shares of Guidewire Software stock in a transaction on Monday, September 19th. The stock was sold at an average price of $62.82, for a total value of $1,745,516.52. Following the transaction, the chief executive officer now directly owns 201,160 shares in the company, valued at approximately $12,636,871.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Priscilla Hung sold 7,402 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $62.82, for a total transaction of $464,993.64. Following the transaction, the chief operating officer now directly owns 70,100 shares of the company’s stock, valued at $4,403,682. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 27,786 shares of the stock in a transaction on Monday, September 19th. The shares were sold at an average price of $62.82, for a total value of $1,745,516.52. Following the sale, the chief executive officer now owns 201,160 shares of the company’s stock, valued at approximately $12,636,871.20. The disclosure for this sale can be found here. Insiders sold 41,202 shares of company stock valued at $2,588,310 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Guidewire Software Trading Up 1.7 %

Shares of Guidewire Software stock opened at $58.31 on Thursday. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $59.21 and its two-hundred day moving average is $69.68. Guidewire Software, Inc. has a 52 week low of $52.08 and a 52 week high of $119.46.

Guidewire Software (NYSE:GWREGet Rating) last posted its quarterly earnings results on Tuesday, September 6th. The technology company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.02. Guidewire Software had a negative net margin of 22.20% and a negative return on equity of 10.06%. The firm had revenue of $244.60 million for the quarter, compared to analysts’ expectations of $229.63 million. During the same period in the prior year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Sell-side analysts predict that Guidewire Software, Inc. will post -1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GWRE shares. Robert W. Baird decreased their target price on Guidewire Software from $99.00 to $81.00 and set a “neutral” rating on the stock in a research note on Thursday, September 8th. Citigroup decreased their price objective on Guidewire Software from $88.00 to $79.00 and set a “neutral” rating on the stock in a report on Monday, September 12th. StockNews.com assumed coverage on shares of Guidewire Software in a report on Wednesday, October 12th. They issued a “sell” rating for the company. Royal Bank of Canada decreased their price target on shares of Guidewire Software from $125.00 to $100.00 in a research note on Wednesday, September 7th. Finally, Wells Fargo & Company reduced their target price on shares of Guidewire Software from $65.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, October 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software presently has an average rating of “Hold” and an average price target of $89.56.

About Guidewire Software

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Guidewire Software, Inc provides software products for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud comprising 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.

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

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