28,225 Shares in Guidewire Software, Inc. (NYSE:GWRE) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 28,225 shares of the technology company's stock, valued at approximately $4,758,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atomi Financial Group Inc. lifted its stake in Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock valued at $453,000 after buying an additional 488 shares during the period. Donoghue Forlines LLC acquired a new position in shares of Guidewire Software during the 4th quarter valued at $2,110,000. Icon Wealth Advisors LLC boosted its stake in Guidewire Software by 72.4% during the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company's stock worth $1,095,000 after acquiring an additional 2,512 shares in the last quarter. GDS Wealth Management grew its holdings in Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock worth $3,161,000 after purchasing an additional 16,142 shares during the period. Finally, Whale Rock Capital Management LLC increased its stake in Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company's stock valued at $177,954,000 after purchasing an additional 31,512 shares in the last quarter.

Guidewire Software Stock Performance

Shares of Guidewire Software stock traded down $1.62 during trading hours on Friday, hitting $191.84. 1,448,052 shares of the company's stock traded hands, compared to its average volume of 868,648. The stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 532.89, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a fifty day simple moving average of $197.47 and a 200-day simple moving average of $187.41.

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Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In other news, insider James Winston King sold 270 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 value of $47,190.60. Following the completion of the transaction, the insider now directly owns 45,664 shares of the company's stock, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Elliott Cooper sold 1,956 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $370,485.96. Following the sale, the chief financial officer now owns 71,538 shares in the company, valued at approximately $13,550,012.58. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,780 shares of company stock worth $6,886,553. Company insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GWRE. Royal Bank of Canada raised their target price on Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Wells Fargo & Company raised their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Robert W. Baird lifted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, DA Davidson restated a "buy" rating and set a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

Guidewire Software 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.