Chartwell Investment Partners LLC Buys New Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Chartwell Investment Partners LLC bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,209 shares of the technology company's stock, valued at approximately $1,502,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GWRE. Rothschild Investment LLC acquired a new stake in Guidewire Software in the second quarter valued at approximately $31,000. Assetmark Inc. increased its position in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after purchasing an additional 145 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at $41,000. DT Investment Partners LLC purchased a new stake in shares of Guidewire Software during the 2nd quarter worth $41,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Guidewire Software during the second quarter worth $55,000.

Analyst Ratings Changes

A number of research firms have weighed in on GWRE. Robert W. Baird raised their price target on Guidewire Software from $175.00 to $204.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. DA Davidson reissued a "buy" rating and set a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. Royal Bank of Canada upped their price target on Guidewire Software from $180.00 to $215.00 and gave the company an "outperform" rating in a report on Friday, October 11th. JMP Securities raised their price objective on shares of Guidewire Software from $179.00 to $200.00 and gave the stock a "market outperform" rating in a report on Friday, October 11th. Finally, Oppenheimer restated an "outperform" rating and set a $200.00 price objective (up previously from $185.00) on shares of Guidewire Software in a research report 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.62.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 1,350 shares of the business's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the transaction, the president now directly owns 190,611 shares in the company, valued at $35,773,872.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, President John P. Mullen sold 1,350 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the sale, the president now directly owns 190,611 shares of the company's stock, valued at $35,773,872.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John P. Mullen sold 6,718 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $1,156,570.88. Following the completion of the sale, the insider now owns 160,099 shares in the company, valued at approximately $27,562,643.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock worth $9,050,448 in the last three months. Insiders own 0.48% of the company's stock.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded up $0.69 on Wednesday, reaching $196.24. The company's stock had a trading volume of 687,345 shares, compared to its average volume of 697,552. Guidewire Software, Inc. has a 52-week low of $94.52 and a 52-week high of $199.33. The stock has a market capitalization of $16.39 billion, a P/E ratio of -2,452.69, a PEG ratio of 50.59 and a beta of 1.18. The stock's 50-day moving average is $181.81 and its two-hundred day moving average is $151.08.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS 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 the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. Equities 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.