Advisory Services Network LLC Buys New Shares in Guidewire Software, Inc. (NYSE:GWRE)

Advisory Services Network LLC acquired a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,535 shares of the technology company's stock, valued at approximately $259,000.

Several other hedge funds have also recently made changes to their positions in GWRE. Vanguard Group Inc. lifted its stake in shares of Guidewire Software by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock valued at $1,425,434,000 after purchasing an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after buying an additional 1,009,966 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of Guidewire Software by 26.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after buying an additional 291,774 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Guidewire Software by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock worth $226,701,000 after buying an additional 12,697 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after acquiring an additional 418,642 shares in the last quarter.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the sale, the chief executive officer now owns 274,730 shares in the company, valued at $58,979,036.40. This represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 700 shares of Guidewire Software stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $210.00, for a total value of $147,000.00. Following the transaction, the president now directly owns 177,746 shares in the company, valued at approximately $37,326,660. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,071 shares of company stock valued at $7,020,947. Insiders own 0.48% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. JPMorgan Chase & Co. upped their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Robert W. Baird lifted their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. One 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. Based on data from MarketBeat, Guidewire Software currently has an average rating of "Moderate Buy" and an average target price of $206.08.

Guidewire Software Stock Performance

GWRE traded up $4.30 during midday trading on Wednesday, hitting $194.05. 348,274 shares of the company traded hands, compared to its average volume of 906,824. The firm has a market capitalization of $16.28 billion, a PE ratio of 537.43, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The company's 50-day moving average is $191.35 and its 200 day moving average is $189.93. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 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 - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, research analysts expect that Guidewire Software, Inc. will post 0.52 EPS 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.