Semanteon Capital Management LP Takes $1.24 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

Semanteon Capital Management LP acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,784 shares of the technology company's stock, valued at approximately $1,241,000. Guidewire Software comprises approximately 0.8% of Semanteon Capital Management LP's investment portfolio, making the stock its 3rd biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GWRE. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Guidewire Software in the 1st quarter valued at approximately $4,112,000. Edmonds Duncan Registered Investment Advisors LLC purchased a new position in Guidewire Software in the first quarter worth approximately $309,000. Wasatch Advisors LP increased its position in shares of Guidewire Software by 4.2% in the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company's stock valued at $335,513,000 after purchasing an additional 115,600 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Guidewire Software during the 1st quarter worth $1,238,000. Finally, Principal Financial Group Inc. raised its position in shares of Guidewire Software by 31.6% during the 1st quarter. Principal Financial Group Inc. now owns 7,105 shares of the technology company's stock worth $829,000 after acquiring an additional 1,708 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. DA Davidson restated a "buy" rating and set a $168.00 price target on shares of Guidewire Software in a research note on Friday, September 6th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, October 11th. JPMorgan Chase & Co. increased their target price on Guidewire Software from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, October 3rd. Royal Bank of Canada increased their target price on shares of Guidewire Software from $180.00 to $215.00 and gave the company an "outperform" rating in a report on Friday, October 11th. Finally, Oppenheimer reissued an "outperform" rating and set a $200.00 price target (up previously from $185.00) on shares of Guidewire Software in a research note on Friday, October 11th. 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 stock. According to data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and an average price target of $178.62.

Insider Activity at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 23,379 shares of the firm'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 directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Winston King sold 4,514 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the transaction, the insider now owns 48,237 shares of the company's stock, valued at $8,328,600.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,601 shares of company stock valued at $9,050,448. Corporate insiders own 0.38% of the company's stock.

Guidewire Software Stock Performance

Shares of GWRE stock traded up $0.90 on Monday, hitting $188.01. The stock had a trading volume of 481,500 shares, compared to its average volume of 696,501. Guidewire Software, Inc. has a 52-week low of $85.86 and a 52-week high of $191.48. The firm has a market capitalization of $15.54 billion, a price-to-earnings ratio of -1,446.23, a P/E/G ratio of 48.42 and a beta of 1.19. The stock's 50 day moving average is $171.36 and its 200-day moving average is $144.57.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.08. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. Equities analysts expect that Guidewire Software, Inc. will post 0.53 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.