Dark Forest Capital Management LP Makes New Investment in Guidewire Software, Inc. (NYSE:GWRE)

Dark Forest Capital Management LP acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,197 shares of the technology company's stock, valued at approximately $4,753,000. Guidewire Software comprises approximately 0.7% of Dark Forest Capital Management LP's portfolio, making the stock its 8th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GWRE. Versant Capital Management Inc acquired a new position in Guidewire Software in the fourth quarter valued at approximately $25,000. Ossiam bought a new stake in shares of Guidewire Software in the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new position in shares of Guidewire Software during the 4th quarter valued at $34,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after acquiring an additional 99 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Guidewire Software in the fourth quarter worth $47,000.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 1,051 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 44,613 shares in the company, valued at approximately $8,450,148.33. This represents a 2.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 1,956 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $370,485.96. Following the completion of the sale, the chief financial officer now owns 71,538 shares in the company, valued at $13,550,012.58. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,071 shares of company stock worth $7,020,947 in the last quarter. Insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

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

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $189.60 on Wednesday. The business's fifty day simple moving average is $191.35 and its 200 day simple moving average is $189.93. 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 12 month low of $107.65 and a 12 month high of $219.59. The firm has a market capitalization of $15.90 billion, a P/E ratio of 526.67, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS 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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