Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 219.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,057 shares of the technology company's stock after acquiring an additional 4,161 shares during the quarter. Pallas Capital Advisors LLC's holdings in Guidewire Software were worth $1,139,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Semanteon Capital Management LP bought a new position in Guidewire Software in the 3rd quarter worth about $1,241,000. First Bank & Trust increased its position in shares of Guidewire Software by 8.1% during the 3rd quarter. First Bank & Trust now owns 2,655 shares of the technology company's stock valued at $486,000 after purchasing an additional 200 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Guidewire Software by 20.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 42,903 shares of the technology company's stock worth $7,849,000 after acquiring an additional 7,328 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock worth $63,000 after purchasing an additional 60 shares during the last quarter. Finally, Highland Capital Management LLC bought a new stake in shares of Guidewire Software in the 3rd quarter valued at about $1,552,000.

Insider Buying and Selling

In other news, insider John P. Mullen sold 1,350 shares of the company's 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 directly owns 137,821 shares of the company's stock, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company's 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 transaction, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James Winston King sold 4,514 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the sale, the insider now owns 48,237 shares in the company, valued at $8,328,600.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,601 shares of company stock worth $9,050,448. Corporate insiders own 0.38% of the company's stock.

Guidewire Software Price Performance

GWRE stock traded up $1.33 during trading on Wednesday, hitting $189.50. The stock had a trading volume of 744,810 shares, compared to its average volume of 696,308. Guidewire Software, Inc. has a twelve month low of $86.49 and a twelve month high of $191.48. The stock has a market capitalization of $15.66 billion, a P/E ratio of -1,457.92, a PEG ratio of 48.42 and a beta of 1.19. The company's 50-day moving average price is $172.18 and its two-hundred day moving average price is $145.11.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GWRE. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, October 11th. Oppenheimer reissued an "outperform" rating and issued a $200.00 target price (up from $185.00) on shares of Guidewire Software in a research note on Friday, October 11th. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $200.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. Robert W. Baird raised their price target on shares of Guidewire Software from $175.00 to $204.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Finally, Citigroup upped their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. One research 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's stock. According to data from MarketBeat, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.62.

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.