Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,487 shares of the technology company's stock after selling 1,777 shares during the quarter. Guidewire Software accounts for about 1.3% of Essex Investment Management Co. LLC's investment portfolio, making the stock its 13th biggest position. Essex Investment Management Co. LLC owned 0.05% of Guidewire Software worth $7,331,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GWRE. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. boosted its holdings in shares of Guidewire Software by 537.0% in the third 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. Point72 Hong Kong Ltd purchased a new stake in shares of Guidewire Software in the third quarter valued at approximately $33,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $34,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Guidewire Software in the third quarter valued at approximately $42,000.

Insiders Place Their Bets

In other news, insider James Winston King sold 1,509 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $258,129.54. Following the sale, the insider now directly owns 46,728 shares in the company, valued at $7,993,291.68. This trade represents a 3.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the firm's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the sale, the chief executive officer now owns 281,730 shares in the company, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,056 shares of company stock valued at $8,094,892. Company insiders own 0.48% of the company's stock.

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Guidewire Software Stock Performance

Shares of NYSE GWRE traded down $6.64 during mid-day trading on Monday, hitting $166.60. The stock had a trading volume of 1,853,898 shares, compared to its average volume of 1,322,115. The company has a 50 day moving average of $194.68 and a two-hundred day moving average of $185.09. The firm has a market cap of $13.91 billion, a PE ratio of 462.78, a PEG ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month 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 for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on GWRE shares. JMP Securities reiterated a "market outperform" rating and issued a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Oppenheimer upped their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday. Robert W. Baird upped their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday. Finally, DA Davidson restated a "buy" rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $206.08.

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.