Highland Capital Management LLC Takes $1.55 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

Highland Capital Management LLC acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,485 shares of the technology company's stock, valued at approximately $1,552,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new position in Guidewire Software during the first quarter valued at $29,000. Rothschild Investment LLC purchased a new position in Guidewire Software during the second quarter valued at $31,000. Lynx Investment Advisory purchased a new position in Guidewire Software during the second quarter valued at $41,000. DT Investment Partners LLC purchased a new position in Guidewire Software during the second quarter valued at $41,000. Finally, Canada Pension Plan Investment Board purchased a new position in Guidewire Software during the second quarter valued at $55,000.

Insider Activity at Guidewire Software

In related news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now owns 137,821 shares in the company, valued at $20,539,463.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now owns 137,821 shares in the company, valued at $20,539,463.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John P. Mullen sold 6,718 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 transaction of $1,156,570.88. Following the completion of the sale, the insider now owns 160,099 shares of the company's stock, valued at approximately $27,562,643.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock worth $9,050,448 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded down $0.94 during trading on Friday, hitting $187.11. The stock had a trading volume of 590,690 shares, compared to its average volume of 905,886. The firm's fifty day simple moving average is $170.57 and its 200-day simple moving average is $144.05. The stock has a market cap of $15.47 billion, a PE ratio of -1,439.31, a PEG ratio of 48.42 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.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. The firm had revenue of $291.50 million during 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%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $0.30 EPS. Analysts expect that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GWRE. Royal Bank of Canada raised their target price on shares of Guidewire Software from $180.00 to $215.00 and gave the company an "outperform" rating in a research note on Friday, October 11th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Citigroup raised their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. DA Davidson reissued a "buy" rating and issued a $168.00 price objective on shares of Guidewire Software in a research note on Friday, September 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Guidewire Software from $200.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. One 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. According to data from MarketBeat.com, Guidewire Software currently has a consensus rating of "Moderate Buy" and an average target price of $178.62.

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.