5,587 Shares in Guidewire Software, Inc. (NYSE:GWRE) Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,587 shares of the technology company's stock, valued at approximately $1,022,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in shares of Guidewire Software by 11.6% in the first quarter. Janney Montgomery Scott LLC now owns 9,693 shares of the technology company's stock worth $1,131,000 after buying an additional 1,010 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Guidewire Software in the 1st quarter valued at approximately $417,000. Swiss National Bank boosted its stake in Guidewire Software by 0.7% during the first quarter. Swiss National Bank now owns 153,600 shares of the technology company's stock worth $17,927,000 after acquiring an additional 1,100 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Guidewire Software by 11.5% in the 1st quarter. Bleakley Financial Group LLC now owns 2,486 shares of the technology company's stock worth $290,000 after purchasing an additional 256 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Guidewire Software by 4.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 96,324 shares of the technology company's stock valued at $11,242,000 after acquiring an additional 4,330 shares during the last quarter.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the transaction, the chief executive officer now directly owns 287,662 shares of the company's stock, valued at approximately $49,523,889.92. The trade was a 7.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President John P. Mullen sold 1,350 shares of the business's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the sale, the president now directly owns 190,611 shares of the company's stock, 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. Insiders have sold a total of 52,601 shares of company stock valued at $9,050,448 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Trading Down 0.6 %

NYSE:GWRE traded down $1.17 during mid-day trading on Thursday, hitting $195.26. 614,889 shares of the company's stock traded hands, compared to its average volume of 697,183. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of -2,440.44, a price-to-earnings-growth ratio of 50.59 and a beta of 1.18. Guidewire Software, Inc. has a 12 month low of $94.97 and a 12 month high of $199.33. The firm has a 50 day moving average of $182.84 and a two-hundred day moving average of $151.38.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to analysts' expectations of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. As a group, equities research analysts expect that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on GWRE. BTIG Research increased their target price on Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Oppenheimer restated an "outperform" rating and issued a $200.00 price target (up previously from $185.00) on shares of Guidewire Software in a report on Friday, October 11th. Stifel Nicolaus upped their target price on Guidewire Software from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Robert W. Baird boosted their price objective on Guidewire Software from $175.00 to $204.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group increased their target price on Guidewire Software from $146.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.62.

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.