Belpointe Asset Management LLC Buys 1,359 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Belpointe Asset Management LLC lifted its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,720 shares of the technology company's stock after buying an additional 1,359 shares during the quarter. Belpointe Asset Management LLC's holdings in Guidewire Software were worth $1,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of Guidewire Software in the 4th quarter worth $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Guidewire Software in the fourth quarter valued at $34,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after acquiring an additional 99 shares in the last quarter. R Squared Ltd purchased a new stake in Guidewire Software during the 4th quarter worth approximately $47,000. Finally, Tobam bought a new stake in shares of Guidewire Software in the fourth quarter worth $52,000.

Guidewire Software Stock Down 0.5 %

NYSE:GWRE traded down $0.87 during trading hours on Friday, hitting $191.18. 482,782 shares of the company's stock traded hands, compared to its average volume of 907,172. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The firm has a market cap of $16.04 billion, a P/E ratio of 531.06, a P/E/G ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock's fifty day moving average price is $192.54 and its two-hundred day moving average price is $189.82.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data 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). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. On average, research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GWRE shares. The Goldman Sachs Group lifted their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Robert W. Baird raised their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their price target on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $206.08.

Insider Activity at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,956 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $370,485.96. Following the transaction, the chief financial officer now owns 71,538 shares in the company, valued at $13,550,012.58. This trade represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $179.91, for a total transaction of $251,874.00. Following the completion of the sale, the chief executive officer now owns 278,930 shares of the company's stock, valued at $50,182,296.30. The trade was a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,471 shares of company stock valued at $7,272,821. 0.48% of the stock is currently owned by corporate insiders.

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.