Sanctuary Advisors LLC Invests $429,000 in Guidewire Software, Inc. (NYSE:GWRE)

Sanctuary Advisors LLC purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,112 shares of the technology company's stock, valued at approximately $429,000.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in Guidewire Software by 23.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company's stock valued at $378,832,000 after acquiring an additional 516,942 shares during the period. Whale Rock Capital Management LLC lifted its stake in shares of Guidewire Software by 23.4% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company's stock valued at $148,323,000 after purchasing an additional 240,622 shares during the period. Teca Partners LP purchased a new stake in Guidewire Software during the second quarter worth $25,893,000. Linonia Partnership LP grew its position in Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company's stock valued at $330,329,000 after buying an additional 185,077 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in Guidewire Software by 121.0% in the first quarter. Clearbridge Investments LLC now owns 295,595 shares of the technology company's stock valued at $34,499,000 after buying an additional 161,856 shares in the last quarter.

Guidewire Software Trading Up 1.2 %

Shares of NYSE GWRE opened at $190.39 on Thursday. The stock has a market cap of $15.74 billion, a PE ratio of -1,464.54 and a beta of 1.19. Guidewire Software, Inc. has a 12-month low of $85.15 and a 12-month high of $191.48. The company has a 50-day moving average of $164.75 and a 200 day moving average of $140.26.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. During the same period in the prior year, the business earned $0.30 earnings per share. The business's revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GWRE shares. The Goldman Sachs Group increased their target price on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. Robert W. Baird raised their price objective on Guidewire Software from $175.00 to $204.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Stifel Nicolaus upped their target price on Guidewire Software from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. DA Davidson reissued a "buy" rating and issued a $168.00 price target on shares of Guidewire Software in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.62.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 1,350 shares of the business's stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $139.12, for a total transaction of $187,812.00. Following the transaction, the insider now owns 139,171 shares of the company's stock, valued at approximately $19,361,469.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $139.12, for a total transaction of $187,812.00. Following the sale, the insider now owns 139,171 shares of the company's stock, valued at approximately $19,361,469.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the transaction, the chief executive officer now owns 287,662 shares in the company, valued at $49,523,889.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock valued at $8,984,892 in the last three months. 0.38% of the stock is currently owned by insiders.

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.