Blueshift Asset Management LLC Raises Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Blueshift Asset Management LLC lifted its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,808 shares of the technology company’s stock after buying an additional 235 shares during the quarter. Blueshift Asset Management LLC’s holdings in Guidewire Software were worth $305,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in GWRE. Magnetar Financial LLC acquired a new position in Guidewire Software during the fourth quarter worth approximately $899,000. Teacher Retirement System of Texas increased its position in Guidewire Software by 53.5% during the 4th quarter. Teacher Retirement System of Texas now owns 37,801 shares of the technology company’s stock worth $6,372,000 after purchasing an additional 13,172 shares in the last quarter. Xponance Inc. raised its holdings in Guidewire Software by 11.7% in the fourth quarter. Xponance Inc. now owns 7,759 shares of the technology company’s stock valued at $1,308,000 after buying an additional 813 shares during the period. Intech Investment Management LLC acquired a new position in Guidewire Software during the fourth quarter valued at approximately $4,758,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Guidewire Software by 7.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,071 shares of the technology company’s stock worth $1,192,000 after buying an additional 495 shares during the period.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $244,692.00. Following the sale, the chief executive officer now owns 280,330 shares of the company’s stock, valued at $48,996,077.40. The trade was a 0.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 300 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $52,434.00. Following the transaction, the chief financial officer now owns 73,494 shares of the company’s stock, valued at $12,845,281.32. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,780 shares of company stock valued at $6,886,553 over the last three months. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GWRE shares. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. JMP Securities restated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. Royal Bank of Canada increased their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Robert W. Baird boosted their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Trading Down 0.8 %

Shares of NYSE GWRE opened at $191.84 on Friday. The stock has a market capitalization of $16.09 billion, a P/E ratio of 532.89, a PEG ratio of 37.21 and a beta of 1.31. The stock’s 50 day moving average price is $197.47 and its two-hundred day moving average price is $187.12. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

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.