Natixis Advisors LLC Has $10.01 Million Stake in Guidewire Software, Inc. (NYSE:GWRE)

Natixis Advisors LLC lifted its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,351 shares of the technology company's stock after acquiring an additional 6,970 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of Guidewire Software worth $10,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GWRE. Catalyst Funds Management Pty Ltd acquired a new stake in Guidewire Software in the fourth quarter valued at approximately $1,239,000. Commonwealth Equity Services LLC acquired a new stake in shares of Guidewire Software in the 4th quarter valued at $223,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Guidewire Software in the 4th quarter valued at $3,877,000. Swiss National Bank boosted its holdings in Guidewire Software by 1.1% in the fourth quarter. Swiss National Bank now owns 155,100 shares of the technology company's stock worth $26,147,000 after purchasing an additional 1,700 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Guidewire Software by 287.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 864 shares of the technology company's stock worth $146,000 after buying an additional 641 shares during the last quarter.

Guidewire Software Stock Performance

NYSE GWRE traded up $6.01 during midday trading on Monday, hitting $197.55. The company had a trading volume of 752,833 shares, compared to its average volume of 868,194. The firm has a fifty day simple moving average of $197.47 and a two-hundred day simple moving average of $187.69. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market cap of $16.57 billion, a price-to-earnings ratio of 548.75, a P/E/G ratio of 37.21 and a beta of 1.31.

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Guidewire Software (NYSE:GWRE - Get Free Report) last released its 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 firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Equities analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on GWRE. JMP Securities reaffirmed a "market outperform" rating and issued a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. 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. Oppenheimer lifted their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada upped their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. One equities research 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. According to data from MarketBeat.com, Guidewire Software presently has an average rating of "Moderate Buy" and a consensus price target of $206.08.

Insider Activity

In other Guidewire Software news, President John P. Mullen sold 6,116 shares of Guidewire Software stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the sale, the president now owns 166,330 shares in the company, valued at $31,504,565.30. The trade was a 3.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 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 $244,692.00. Following the completion of the transaction, the chief executive officer now owns 280,330 shares of the company's stock, valued at approximately $48,996,077.40. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,780 shares of company stock worth $6,886,553. Company insiders own 0.48% of the company's stock.

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.