Natixis Buys Shares of 21,660 Guidewire Software, Inc. (NYSE:GWRE)

Natixis acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,660 shares of the technology company's stock, valued at approximately $3,651,000.

A number of other large investors have also added to or reduced their stakes in the business. Versant Capital Management Inc bought a new position in shares of Guidewire Software in the 4th quarter worth about $25,000. Ossiam bought a new stake in Guidewire Software in the fourth quarter worth approximately $29,000. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software in the fourth quarter valued at approximately $34,000. 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 valued at $34,000 after buying an additional 99 shares during the period. Finally, R Squared Ltd bought a new position in shares of Guidewire Software during the 4th quarter worth approximately $47,000.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the completion of the transaction, the chief executive officer now owns 274,730 shares in the company, valued at $58,979,036.40. This trade represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President John P. Mullen sold 2,300 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the completion of the sale, the president now directly owns 172,446 shares in the company, valued at approximately $35,028,955.98. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,771 shares of company stock worth $7,139,163 over the last three months. 0.48% of the stock is currently owned by insiders.

Guidewire Software Stock Down 1.4 %

Shares of GWRE traded down $2.80 during trading hours on Friday, reaching $197.12. 799,546 shares of the stock traded hands, compared to its average volume of 912,068. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week high of $219.59. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 547.56, a PEG ratio of 37.21 and a beta of 1.19. The stock has a fifty day simple moving average of $190.38 and a 200 day simple moving average of $190.18. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

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 firm had revenue of $289.48 million for 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%. On average, equities analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Ratings Changes

GWRE has been the topic of a number of research reports. JPMorgan Chase & Co. boosted 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 increased their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Robert W. Baird boosted their target price on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. One 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $206.08.

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.