Dynamic Technology Lab Private Ltd Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

Dynamic Technology Lab Private Ltd acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,131 shares of the technology company's stock, valued at approximately $573,000.

A number of other institutional investors also recently bought and sold shares of the stock. Cetera Investment Advisers grew its stake in Guidewire Software by 648.0% during the 1st quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company's stock valued at $2,114,000 after purchasing an additional 15,695 shares during the last quarter. Icon Wealth Advisors LLC boosted its position in Guidewire Software by 72.4% in the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company's stock valued at $1,095,000 after buying an additional 2,512 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Guidewire Software by 8.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company's stock worth $305,000 after buying an additional 165 shares during the period. Xponance Inc. raised its position in Guidewire Software by 79.8% during the 2nd quarter. Xponance Inc. now owns 6,908 shares of the technology company's stock worth $953,000 after buying an additional 3,066 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in Guidewire Software by 219.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company's stock valued at $1,139,000 after acquiring an additional 4,161 shares during the period.

Guidewire Software Stock Performance

Shares of NYSE:GWRE traded up $1.01 during midday trading on Friday, reaching $202.89. 631,155 shares of the company's stock traded hands, compared to its average volume of 697,972. Guidewire Software, Inc. has a 1 year low of $95.02 and a 1 year high of $207.10. The company has a market cap of $16.95 billion, a P/E ratio of -2,535.88, a PEG ratio of 52.22 and a beta of 1.18. The company has a fifty day simple moving average of $189.29 and a two-hundred day simple moving average of $157.89.

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 analysts' consensus estimates of $0.54 by $0.08. The company 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%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. As a group, research analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GWRE. JMP Securities increased their price objective on shares of Guidewire Software from $200.00 to $231.00 and gave the stock a "market outperform" rating in a research note on Monday, November 25th. DA Davidson reaffirmed a "buy" rating and set a $168.00 price target on shares of Guidewire Software in a research report on Friday, September 6th. Oppenheimer boosted their price objective on Guidewire Software from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Robert W. Baird raised their target price on Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $215.00 price target on shares of Guidewire Software in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $186.08.

Insider Activity at Guidewire Software

In related 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 approximately $35,773,872.48. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the sale, the chief executive officer now owns 287,662 shares of the company's stock, valued at approximately $49,523,889.92. The trade was a 7.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is owned by corporate insiders.

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.