Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 209,585 shares of the technology company's stock after acquiring an additional 21,804 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.25% of Guidewire Software worth $35,332,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Resona Asset Management Co. Ltd. purchased a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $607,000. Prudential PLC purchased a new position in Guidewire Software during the fourth quarter valued at $1,290,000. Motley Fool Asset Management LLC grew its position in shares of Guidewire Software by 9.4% in the fourth quarter. Motley Fool Asset Management LLC now owns 35,025 shares of the technology company's stock valued at $5,905,000 after purchasing an additional 3,022 shares during the period. OneAscent Financial Services LLC purchased a new stake in shares of Guidewire Software during the fourth quarter worth about $206,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after purchasing an additional 1,009,966 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Guidewire Software Price Performance

Shares of GWRE traded down $1.07 during mid-day trading on Thursday, hitting $190.98. The company's stock had a trading volume of 104,403 shares, compared to its average volume of 901,095. The firm has a 50-day simple moving average of $193.54 and a 200 day simple moving average of $189.69. The firm has a market capitalization of $16.02 billion, a P/E ratio of 531.88, a P/E/G ratio of 37.21 and a beta of 1.19. 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 1-year low of $107.00 and a 1-year high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. Analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 700 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $210.00, for a total transaction of $147,000.00. Following the completion of the transaction, the president now directly owns 177,746 shares in the company, valued at approximately $37,326,660. This trade represents a 0.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $201.90, for a total value of $282,660.00. Following the transaction, the chief executive officer now owns 277,530 shares of the company's stock, valued at $56,033,307. This represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,471 shares of company stock valued at $7,272,821 in the last ninety days. Corporate insiders own 0.48% of the company's stock.

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.