Motley Fool Asset Management LLC Purchases 3,022 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Motley Fool Asset Management LLC grew its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,025 shares of the technology company's stock after purchasing an additional 3,022 shares during the period. Motley Fool Asset Management LLC's holdings in Guidewire Software were worth $5,905,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in Guidewire Software by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock worth $1,425,434,000 after acquiring an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after acquiring an additional 1,009,966 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after acquiring an additional 291,774 shares during the period. Geode Capital Management LLC increased its position in shares of Guidewire Software by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock valued at $226,701,000 after purchasing an additional 12,697 shares during the period. Finally, Whale Rock Capital Management LLC raised its stake in shares of Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company's stock worth $177,954,000 after buying an additional 31,512 shares in the last quarter.

Insider Activity

In other news, President John P. Mullen sold 2,300 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total value of $432,285.00. Following the sale, the president now directly owns 164,030 shares in the company, valued at approximately $30,829,438.50. This represents a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $167.82, for a total value of $234,948.00. Following the completion of the transaction, the chief executive officer now directly owns 258,593 shares of the company's stock, valued at approximately $43,397,077.26. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,280 shares of company stock valued at $8,085,170 over the last 90 days. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Stock Up 0.7 %

GWRE traded up $1.17 during trading on Tuesday, reaching $176.53. 209,389 shares of the stock traded hands, compared to its average volume of 893,413. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The stock's 50-day simple moving average is $198.29 and its two-hundred day simple moving average is $189.31. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 488.98, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued 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). The business had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, equities research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GWRE. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. The Goldman Sachs Group lifted their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Finally, Robert W. Baird raised their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.