Guidewire Software, Inc. (NYSE:GWRE) Holdings Increased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,436,873 shares of the technology company's stock after purchasing an additional 1,009,966 shares during the period. Massachusetts Financial Services Co. MA owned approximately 5.31% of Guidewire Software worth $747,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Versant Capital Management Inc acquired a new stake in Guidewire Software in the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software in the third quarter valued at approximately $33,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Guidewire Software by 101.0% in the fourth 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. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software in the fourth quarter worth approximately $34,000. Finally, R Squared Ltd acquired a new position in Guidewire Software during the 4th quarter worth approximately $47,000.

Insider Activity at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 270 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the transaction, the insider now owns 45,664 shares of the company's stock, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 value of $52,434.00. Following the transaction, the chief financial officer now owns 73,494 shares in the company, valued at $12,845,281.32. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,880 shares of company stock worth $7,850,222. 0.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GWRE shares. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, 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 report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

Guidewire Software Trading Down 0.2 %

GWRE traded down $0.36 during midday trading on Monday, hitting $173.89. The company's stock had a trading volume of 525,033 shares, compared to its average volume of 892,831. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The firm has a 50-day moving average price of $198.84 and a two-hundred day moving average price of $189.30. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market cap of $14.59 billion, a P/E ratio of 482.54, a PEG ratio of 37.21 and a beta of 1.19.

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