Canada Pension Plan Investment Board Buys 3,100 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Canada Pension Plan Investment Board grew its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 41.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,500 shares of the technology company's stock after acquiring an additional 3,100 shares during the period. Canada Pension Plan Investment Board's holdings in Guidewire Software were worth $1,770,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GWRE. Massachusetts Financial Services Co. MA increased its position in Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after purchasing an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Guidewire Software by 79.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after buying an additional 418,642 shares during the period. Rathbones Group PLC bought a new position in Guidewire Software in the fourth quarter worth approximately $58,118,000. Artisan Partners Limited Partnership lifted its holdings in Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock worth $237,323,000 after buying an additional 291,774 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Guidewire Software by 1,951.9% during the fourth quarter. Renaissance Technologies LLC now owns 264,700 shares of the technology company's stock worth $44,623,000 after buying an additional 251,800 shares during the period.

Insider Activity

In other news, insider James Winston King sold 1,051 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $199,069.91. Following the transaction, the insider now owns 44,613 shares in the company, valued at $8,450,148.33. This trade represents a 2.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $214.68, for a total transaction of $300,552.00. Following the completion of the sale, the chief executive officer now directly owns 274,730 shares of the company's stock, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,771 shares of company stock valued at $7,139,163 in the last three months. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. The Goldman Sachs Group raised their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $206.08.

Guidewire Software Stock Up 2.2 %

GWRE stock opened at $193.88 on Thursday. The company has a market capitalization of $16.26 billion, a P/E ratio of 538.56, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The firm's fifty day simple moving average is $190.99 and its 200-day simple moving average is $189.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

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.

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