Claro Advisors LLC Acquires Shares of 28,671 Guidewire Software, Inc. (NYSE:GWRE)

Claro Advisors LLC purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 28,671 shares of the technology company's stock, valued at approximately $5,245,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA lifted its position in shares of Guidewire Software by 23.2% during the 2nd 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 last quarter. Whale Rock Capital Management LLC lifted its position in shares of Guidewire Software by 23.4% during 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 acquiring an additional 240,622 shares during the last quarter. Teca Partners LP acquired a new stake in shares of Guidewire Software during the 2nd quarter valued at $25,893,000. Linonia Partnership LP grew its holdings in shares of 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 in the last quarter. Finally, Clearbridge Investments LLC raised its position in Guidewire Software by 121.0% during 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 during the period.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Guidewire Software from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. upped their price target on Guidewire Software from $170.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, October 3rd. The Goldman Sachs Group upped their price target on Guidewire Software from $146.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. DA Davidson reissued a "buy" rating and set a $168.00 price target on shares of Guidewire Software in a research report on Friday, September 6th. Finally, Citigroup boosted their target price on Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $178.62.

Guidewire Software Stock Down 0.0 %

GWRE stock traded down $0.04 during midday trading on Friday, hitting $189.10. 824,551 shares of the company traded hands, compared to its average volume of 699,276. Guidewire Software, Inc. has a twelve month low of $85.15 and a twelve month high of $191.48. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of -1,454.62 and a beta of 1.19. The business has a 50 day simple moving average of $166.48 and a 200-day simple moving average of $141.11.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its 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. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. Guidewire Software's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. Equities research analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Insider Activity at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the sale, the insider now owns 137,821 shares in the company, valued at approximately $20,539,463.63. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the sale, the insider now owns 137,821 shares in the company, valued at approximately $20,539,463.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of the business's stock in a transaction dated 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 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 a total of 51,251 shares of company stock worth $8,797,080 in the last 90 days. 0.38% of the stock is owned by company insiders.

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.