Next Century Growth Investors LLC Reduces Stake in Guidewire Software, Inc. (NYSE:GWRE)

Next Century Growth Investors LLC cut its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 29.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,944 shares of the technology company's stock after selling 19,334 shares during the quarter. Next Century Growth Investors LLC owned 0.06% of Guidewire Software worth $7,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quantinno Capital Management LP increased its stake in shares of Guidewire Software by 39.7% in the third quarter. Quantinno Capital Management LP now owns 3,768 shares of the technology company's stock valued at $689,000 after buying an additional 1,070 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Guidewire Software by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company's stock worth $243,580,000 after purchasing an additional 6,223 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of Guidewire Software by 11.2% in the third quarter. Coldstream Capital Management Inc. now owns 1,814 shares of the technology company's stock worth $335,000 after purchasing an additional 182 shares during the last quarter. Virtu Financial LLC increased its holdings in Guidewire Software by 649.4% in the third quarter. Virtu Financial LLC now owns 14,650 shares of the technology company's stock valued at $2,680,000 after purchasing an additional 12,695 shares during the period. Finally, Sanctuary Advisors LLC raised its position in Guidewire Software by 79.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,599 shares of the technology company's stock worth $1,135,000 after purchasing an additional 2,487 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GWRE. JPMorgan Chase & Co. raised their price objective 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 boosted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and an average target price of $206.08.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $194.90, for a total value of $272,860.00. Following the transaction, the chief executive officer now owns 257,193 shares in the company, valued at approximately $50,126,915.70. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President John P. Mullen sold 2,300 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total value of $432,285.00. Following the completion of the sale, the president now owns 164,030 shares in the company, valued at approximately $30,829,438.50. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,471 shares of company stock worth $7,272,821 in the last ninety days. Company insiders own 0.48% of the company's stock.

Guidewire Software Stock Up 0.1 %

Shares of NYSE:GWRE traded up $0.24 during mid-day trading on Thursday, hitting $192.29. 228,430 shares of the company traded hands, compared to its average volume of 901,517. The stock has a market cap of $16.13 billion, a P/E ratio of 535.01, a P/E/G ratio of 37.21 and a beta of 1.19. The stock has a 50-day moving average price of $193.54 and a two-hundred day moving average price of $189.69. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. 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 released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share 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 analysts' expectations of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities research analysts forecast 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.