DRW Securities LLC Takes $892,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

DRW Securities LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,877 shares of the technology company's stock, valued at approximately $892,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. boosted its holdings in 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 period. Rothschild Investment LLC bought a new stake in shares of Guidewire Software in the second quarter valued at about $31,000. DT Investment Partners LLC acquired a new stake in Guidewire Software during the second quarter worth about $41,000. Lynx Investment Advisory bought a new position in Guidewire Software during the second quarter valued at about $41,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after acquiring an additional 60 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on GWRE shares. BTIG Research upped their target price on Guidewire Software from $140.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, August 30th. JMP Securities increased their price objective on shares of Guidewire Software from $200.00 to $231.00 and gave the company a "market outperform" rating in a research note on Monday. Royal Bank of Canada reiterated an "outperform" rating and set a $215.00 target price on shares of Guidewire Software in a research report on Tuesday, November 19th. Robert W. Baird increased their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Friday, October 11th. One investment 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $186.08.

Guidewire Software Stock Performance

GWRE traded up $1.35 during midday trading on Tuesday, hitting $204.46. The company had a trading volume of 849,170 shares, compared to its average volume of 698,402. Guidewire Software, Inc. has a twelve month low of $95.02 and a twelve month high of $207.10. The company has a market capitalization of $17.08 billion, a PE ratio of -2,549.88, a P/E/G ratio of 52.47 and a beta of 1.18. The firm's 50-day simple moving average is $186.96 and its 200-day simple moving average is $156.04.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping 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 net margin of 0.62% and a negative return on equity of 1.29%. Guidewire Software's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President John P. Mullen sold 1,350 shares of the stock in a transaction 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 transaction, the president now owns 190,611 shares of the company's stock, valued at $35,773,872.48. This represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 4,956 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $172.70, for a total value of $855,901.20. Following the completion of the transaction, the chief financial officer now owns 78,411 shares in the company, valued at $13,541,579.70. This represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock worth $9,116,179 over the last three months. 0.48% of the stock is currently owned by company 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.