Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by Xponance Inc.

Xponance Inc. increased its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,759 shares of the technology company’s stock after purchasing an additional 813 shares during the period. Xponance Inc.’s holdings in Guidewire Software were worth $1,308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GWRE. Point72 Asset Management L.P. acquired a new position in shares of Guidewire Software during the third quarter worth $26,501,000. Janus Henderson Group PLC boosted its stake in Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock valued at $29,719,000 after acquiring an additional 126,806 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Guidewire Software by 192.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company’s stock worth $22,635,000 after buying an additional 88,304 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Guidewire Software during the fourth quarter worth about $12,050,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Guidewire Software by 42.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 213,527 shares of the technology company’s stock worth $35,996,000 after buying an additional 63,199 shares during the period.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $170.04, for a total value of $238,056.00. Following the transaction, the chief executive officer now owns 269,130 shares of the company’s stock, valued at approximately $45,762,865.20. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeffrey Elliott Cooper sold 1,956 shares of Guidewire Software stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $370,485.96. Following the sale, the chief financial officer now directly owns 71,538 shares in the company, valued at $13,550,012.58. This trade represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,780 shares of company stock valued at $6,886,553. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GWRE shares. Robert W. Baird increased their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. JMP Securities reiterated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson reiterated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Oppenheimer increased their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Stock Down 0.8 %

Shares of GWRE opened at $191.84 on Friday. The firm has a market cap of $16.09 billion, a PE ratio of 532.89, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company’s fifty day moving average is $197.47 and its two-hundred day moving average is $187.41. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. 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 (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software 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.