Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 326.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,799 shares of the technology company's stock after buying an additional 16,692 shares during the period. Cerity Partners LLC's holdings in Guidewire Software were worth $3,988,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after purchasing an additional 60 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Guidewire Software by 4.0% in 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 last quarter. CIBC Asset Management Inc lifted its holdings in shares of Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company's stock valued at $448,000 after purchasing an additional 87 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Guidewire Software by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company's stock valued at $1,252,000 after acquiring an additional 116 shares during the period. Finally, CHICAGO TRUST Co NA lifted its position in Guidewire Software by 4.8% during the second quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company's stock valued at $392,000 after purchasing an additional 130 shares during the period.

Insider Buying and Selling

In related news, President John P. Mullen sold 1,350 shares of the business's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the completion of the transaction, the president now owns 190,611 shares in the company, valued at $35,773,872.48. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of the firm's stock in a transaction that occurred on 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. This trade represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock valued at $9,116,179 over the last three months. 0.48% of the stock is owned by company insiders.

Guidewire Software Stock Up 0.5 %

GWRE opened at $202.89 on Friday. Guidewire Software, Inc. has a 52-week low of $95.02 and a 52-week high of $207.10. The stock 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 business has a fifty day moving average of $189.29 and a 200 day moving average of $157.89.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. Equities analysts anticipate that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Oppenheimer increased their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Friday, October 11th. Robert W. Baird upped their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Finally, DA Davidson restated a "buy" rating and set a $168.00 price objective on shares of Guidewire Software in a research report on Friday, September 6th. One research 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 data from MarketBeat, Guidewire Software currently has an average rating of "Moderate Buy" and an average price target of $186.08.

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.