Aigen Investment Management LP Purchases Shares of 3,021 Guidewire Software, Inc. (NYSE:GWRE)

Aigen Investment Management LP bought a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,021 shares of the technology company's stock, valued at approximately $553,000.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Guidewire Software in the third quarter worth $219,000. Entropy Technologies LP purchased a new position in shares of Guidewire Software in the 3rd quarter valued at approximately $1,022,000. Lisanti Capital Growth LLC boosted its position in shares of Guidewire Software by 138.2% during the third quarter. Lisanti Capital Growth LLC now owns 37,725 shares of the technology company's stock valued at $6,901,000 after purchasing an additional 21,890 shares in the last quarter. GDS Wealth Management bought a new position in Guidewire Software in the third quarter worth $477,000. Finally, Chartwell Investment Partners LLC purchased a new position in Guidewire Software during the third quarter valued at $1,502,000.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the transaction, the president now owns 190,611 shares in the company, valued at $35,773,872.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, President John P. Mullen sold 1,350 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the transaction, the president now owns 190,611 shares of the company's stock, valued at approximately $35,773,872.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James Winston King sold 4,514 shares of the company's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now owns 48,237 shares of the company's stock, valued at approximately $8,328,600.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,601 shares of company stock valued at $9,050,448. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Price Performance

GWRE stock traded down $1.19 during midday trading on Thursday, hitting $195.24. The stock had a trading volume of 306,108 shares, compared to its average volume of 695,780. The company's 50-day moving average price is $181.81 and its 200 day moving average price is $151.08. Guidewire Software, Inc. has a 12-month low of $94.97 and a 12-month high of $199.33. The firm has a market cap of $16.31 billion, a PE ratio of -2,438.32, a price-to-earnings-growth ratio of 50.59 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its 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 firm had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm'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 firm earned $0.30 earnings per share. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Oppenheimer reiterated an "outperform" rating and issued a $200.00 price target (up from $185.00) on shares of Guidewire Software in a research note on Friday, October 11th. DA Davidson restated a "buy" rating and set a $168.00 price objective on shares of Guidewire Software in a research report on Friday, September 6th. BTIG Research lifted their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Stifel Nicolaus raised their target price on Guidewire Software from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Guidewire Software from $180.00 to $215.00 and gave the company an "outperform" rating in a research note on Friday, October 11th. One 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. According to MarketBeat.com, the stock has an average 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.