Connor Clark & Lunn Investment Management Ltd. Purchases 60,524 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Connor Clark & Lunn Investment Management Ltd. grew its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 116.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,333 shares of the technology company's stock after purchasing an additional 60,524 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of Guidewire Software worth $20,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Guidewire Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company's stock valued at $949,430,000 after buying an additional 67,439 shares in the last quarter. Acadian Asset Management LLC increased its position in Guidewire Software by 91.3% in the first quarter. Acadian Asset Management LLC now owns 7,144 shares of the technology company's stock worth $833,000 after purchasing an additional 3,409 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Guidewire Software by 7.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,096 shares of the technology company's stock valued at $478,000 after purchasing an additional 271 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Guidewire Software by 2.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 27,453 shares of the technology company's stock worth $3,208,000 after buying an additional 619 shares during the period. Finally, Natixis acquired a new position in Guidewire Software in the first quarter valued at approximately $166,000.

Analyst Ratings Changes

A number of brokerages recently commented on GWRE. Royal Bank of Canada reaffirmed an "outperform" rating and set a $215.00 price objective on shares of Guidewire Software in a research note on Tuesday. Stifel Nicolaus boosted their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday. DA Davidson reiterated a "buy" rating and issued a $168.00 target price on shares of Guidewire Software in a report on Friday, September 6th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Friday, October 11th. Finally, BTIG Research raised their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. One equities 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $183.69.

Guidewire Software Price Performance

Shares of GWRE traded up $1.62 during mid-day trading on Thursday, hitting $198.85. 43,743 shares of the company's stock were exchanged, compared to its average volume of 696,848. The company has a 50-day simple moving average of $185.13 and a 200 day simple moving average of $153.97. Guidewire Software, Inc. has a 52 week low of $95.02 and a 52 week high of $199.39.

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, beating the consensus estimate of $0.54 by $0.08. The firm had revenue of $291.50 million during the quarter, compared to analysts' expectations of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 6,718 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 160,099 shares in the company, valued at $27,562,643.84. The trade was a 4.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the sale, the chief executive officer now owns 287,662 shares of the company's stock, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software 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.