Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by American Capital Management Inc.

American Capital Management Inc. cut its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 431,277 shares of the technology company's stock after selling 8,115 shares during the quarter. Guidewire Software makes up approximately 2.6% of American Capital Management Inc.'s investment portfolio, making the stock its 14th largest holding. American Capital Management Inc. owned about 0.52% of Guidewire Software worth $78,898,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Rothschild Investment LLC purchased a new position in Guidewire Software during the 2nd quarter worth $31,000. Assetmark Inc. grew its stake in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after acquiring an additional 145 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of Guidewire Software during the second quarter valued at about $41,000. DT Investment Partners LLC purchased a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $41,000. Finally, Brooklyn Investment Group purchased a new position in shares of Guidewire Software in the 3rd quarter valued at approximately $42,000.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GWRE shares. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, October 11th. Oppenheimer lifted their price target on Guidewire Software from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Citigroup boosted their price target on Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Finally, Robert W. Baird raised their price objective on Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $186.08.

Insider Buying and Selling

In related news, insider James Winston King sold 4,514 shares of the business's stock in a transaction dated 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 directly owns 48,237 shares in the company, valued at approximately $8,328,600.42. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President John P. Mullen sold 1,350 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the sale, the president now directly owns 189,261 shares of the company's stock, valued at approximately $37,420,684.92. This represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock worth $9,116,179 in the last 90 days. Insiders own 0.48% of the company's stock.

Guidewire Software Stock Up 0.5 %

Shares of Guidewire Software stock traded up $1.01 on Friday, reaching $202.89. The company's stock had a trading volume of 631,155 shares, compared to its average volume of 681,542. The company has a market capitalization of $16.95 billion, a P/E ratio of -2,535.81, a PEG ratio of 52.48 and a beta of 1.18. The stock has a 50-day moving average price of $189.29 and a 200-day moving average price of $158.16. Guidewire Software, Inc. has a 52-week low of $95.02 and a 52-week high of $207.10.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. The company 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 was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.53 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.