Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 764,400 shares of the technology company’s stock after buying an additional 53,967 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.92% of Guidewire Software worth $139,839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cetera Investment Advisers increased its position in Guidewire Software by 648.0% in the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after purchasing an additional 15,695 shares during the period. Icon Wealth Advisors LLC increased its position in Guidewire Software by 72.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after acquiring an additional 2,512 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Guidewire Software by 8.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock worth $305,000 after buying an additional 165 shares during the period. Xponance Inc. lifted its stake in Guidewire Software by 79.8% during the 2nd quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock valued at $953,000 after acquiring an additional 3,066 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in Guidewire Software by 219.5% in the 3rd quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock worth $1,139,000 after acquiring an additional 4,161 shares during the last quarter.

Guidewire Software Trading Down 1.0 %

Shares of GWRE stock opened at $200.83 on Tuesday. Guidewire Software, Inc. has a 12-month low of $95.02 and a 12-month high of $207.10. The stock has a 50 day simple moving average of $189.83 and a 200-day simple moving average of $158.96. The company has a market cap of $16.77 billion, a price-to-earnings ratio of -2,510.06, a price-to-earnings-growth ratio of 52.48 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, equities analysts forecast that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GWRE shares. Oppenheimer boosted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. DA Davidson reaffirmed a “buy” rating and issued a $168.00 price target on shares of Guidewire Software in a research note on Friday, September 6th. JMP Securities increased their price target on Guidewire Software from $200.00 to $231.00 and gave the company a “market outperform” rating in a research note on Monday, November 25th. Stifel Nicolaus lifted their price target on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Robert W. Baird lifted their target price on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus target price of $186.08.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the sale, the chief executive officer now owns 287,662 shares in the company, valued at approximately $49,523,889.92. This trade represents a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the sale, the president now owns 190,611 shares in the company, valued at $35,773,872.48. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is currently owned by insiders.

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.