Arrowstreet Capital Limited Partnership Has $159.50 Million Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Arrowstreet Capital Limited Partnership lifted its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 79.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 946,158 shares of the technology company's stock after buying an additional 418,642 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.13% of Guidewire Software worth $159,503,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GWRE. Versant Capital Management Inc bought a new position in Guidewire Software during the 4th quarter worth $25,000. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software in the third quarter worth $33,000. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software in the fourth quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Guidewire Software during the fourth quarter worth about $47,000.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GWRE. 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 research report on Friday, March 7th. Oppenheimer lifted their price target on Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Royal Bank of Canada boosted their price target on Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. The Goldman Sachs Group raised their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Finally, JMP Securities reissued a "market outperform" rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. One equities 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $170.04, for a total transaction of $238,056.00. Following the completion of the sale, the chief executive officer now owns 269,130 shares of the company's stock, valued at $45,762,865.20. This trade represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeffrey Elliott Cooper sold 300 shares of Guidewire Software stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $52,434.00. Following the completion of the sale, the chief financial officer now owns 73,494 shares of the company's stock, valued at approximately $12,845,281.32. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,880 shares of company stock worth $7,850,222 over the last ninety days. Insiders own 0.48% of the company's stock.

Guidewire Software Trading Down 5.3 %

GWRE traded down $9.82 during trading on Friday, reaching $174.35. 864,625 shares of the company's stock were exchanged, compared to its average volume of 892,227. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The firm has a fifty day moving average price of $198.84 and a two-hundred day moving average price of $189.07. The stock has a market capitalization of $14.62 billion, a PE ratio of 484.30, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 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.