5,587 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,587 shares of the technology company's stock, valued at approximately $1,022,000.

A number of other large investors also recently bought and sold shares of GWRE. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock worth $63,000 after buying an additional 60 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company's stock worth $283,000 after purchasing an additional 79 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Guidewire Software by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company's stock valued at $1,252,000 after buying an additional 116 shares in the last quarter. CHICAGO TRUST Co NA lifted its stake in Guidewire Software by 4.8% in the second quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company's stock valued at $392,000 after buying an additional 130 shares during the period. Finally, Legacy Advisors LLC raised its holdings in shares of Guidewire Software by 1.6% during the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company's stock worth $1,148,000 after acquiring an additional 135 shares during the period.

Insider Activity

In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the sale, the insider now owns 137,821 shares in the company, valued at approximately $20,539,463.63. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Winston King sold 4,514 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the transaction, the insider now directly owns 48,237 shares of the company's stock, valued at approximately $8,328,600.42. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,601 shares of company stock valued at $9,050,448. Company insiders own 0.48% of the company's stock.

Guidewire Software Stock Performance

NYSE:GWRE traded down $1.17 during trading hours on Thursday, reaching $195.26. The company's stock had a trading volume of 614,889 shares, compared to its average volume of 697,183. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of -2,440.44, a PEG ratio of 50.59 and a beta of 1.18. Guidewire Software, Inc. has a 1 year low of $94.97 and a 1 year high of $199.33. The firm has a 50-day simple moving average of $182.84 and a 200-day simple moving average of $151.38.

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, beating analysts' consensus estimates of $0.54 by $0.08. The firm had revenue of $291.50 million for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Equities analysts anticipate that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of recent analyst reports. Robert W. Baird lifted their target price on Guidewire Software from $175.00 to $204.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. DA Davidson reaffirmed a "buy" rating and set a $168.00 price objective on shares of Guidewire Software in a research note on Friday, September 6th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, October 11th. Royal Bank of Canada raised 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. Finally, Citigroup upped their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $178.62.

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.