Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by DF Dent & Co. Inc.

DF Dent & Co. Inc. decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 993,133 shares of the technology company's stock after selling 230,428 shares during the quarter. Guidewire Software comprises 2.1% of DF Dent & Co. Inc.'s holdings, making the stock its 18th largest holding. DF Dent & Co. Inc. owned approximately 1.19% of Guidewire Software worth $167,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its holdings in Guidewire Software by 2.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,239 shares of the technology company's stock valued at $4,434,000 after buying an additional 579 shares during the period. Captrust Financial Advisors raised its stake in shares of Guidewire Software by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 13,254 shares of the technology company's stock valued at $2,425,000 after acquiring an additional 153 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Guidewire Software by 161.8% in the 3rd quarter. Verition Fund Management LLC now owns 21,359 shares of the technology company's stock worth $3,907,000 after acquiring an additional 13,200 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Guidewire Software during the 3rd quarter worth approximately $33,000. Finally, Atom Investors LP acquired a new stake in Guidewire Software in the 3rd quarter valued at approximately $388,000.

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Guidewire Software Stock Up 0.7 %

Shares of NYSE:GWRE traded up $1.17 during trading hours on Tuesday, reaching $176.53. The stock had a trading volume of 209,389 shares, compared to its average volume of 893,428. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 488.98, a P/E/G ratio of 37.21 and a beta of 1.19. The firm's 50 day moving average is $198.29 and its 200-day moving average is $189.31. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. 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 (NYSE:GWRE - Get Free Report) last posted its earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at Guidewire Software

In related news, insider James Winston King sold 270 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $47,190.60. Following the completion of the sale, the insider now owns 45,664 shares in the company, valued at $7,981,153.92. This represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Elliott Cooper sold 300 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $52,434.00. Following the transaction, the chief financial officer now directly owns 73,494 shares in the company, valued at $12,845,281.32. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,280 shares of company stock valued at $8,085,170. Corporate insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

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