Geode Capital Management LLC Boosts Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Geode Capital Management LLC raised its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,342,771 shares of the technology company's stock after buying an additional 12,697 shares during the period. Geode Capital Management LLC owned 1.61% of Guidewire Software worth $226,701,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Guidewire Software by 10.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock worth $100,000 after buying an additional 56 shares in the last quarter. Hanseatic Management Services Inc. boosted its holdings in Guidewire Software by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock valued at $91,000 after purchasing an additional 58 shares during the period. Norden Group LLC increased its holdings in shares of Guidewire Software by 5.2% in the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock worth $208,000 after purchasing an additional 61 shares during the period. Argonautica Private Wealth Management Inc. grew its position in Guidewire Software by 1.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock worth $681,000 after buying an additional 75 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after acquiring an additional 99 shares during the last quarter.

Insider Buying and Selling

In related news, insider James Winston King sold 270 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the transaction, the insider now owns 45,664 shares in the company, valued at $7,981,153.92. The trade was a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $167.82, for a total transaction of $234,948.00. Following the completion of the sale, the chief executive officer now owns 258,593 shares of the company's stock, valued at $43,397,077.26. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,280 shares of company stock worth $8,085,170 over the last 90 days. 0.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a 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 reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, Robert W. Baird upped their target price 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 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. Based on data from MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and an average target price of $206.08.

Guidewire Software Stock Down 3.1 %

Shares of GWRE traded down $5.84 during mid-day trading on Thursday, hitting $182.99. 194,987 shares of the company traded hands, compared to its average volume of 1,201,813. The business has a 50 day moving average of $195.98 and a 200 day moving average of $189.27. The company has a market capitalization of $15.35 billion, a PE ratio of 509.22, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The company has a quick ratio of 2.66, a current 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 earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business 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%. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software Company 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.