Wealth Enhancement Advisory Services LLC Buys 7,328 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Wealth Enhancement Advisory Services LLC grew its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 20.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,903 shares of the technology company's stock after buying an additional 7,328 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.05% of Guidewire Software worth $7,849,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after buying an additional 60 shares during the last quarter. Highland Capital Management LLC acquired a new position in shares of Guidewire Software during the third quarter valued at $1,552,000. Element Wealth LLC bought a new position in shares of Guidewire Software during the third quarter worth about $237,000. Assenagon Asset Management S.A. increased its holdings in shares of Guidewire Software by 370.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company's stock worth $27,501,000 after acquiring an additional 118,369 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company's stock valued at $472,220,000 after purchasing an additional 256,702 shares during the last quarter.

Guidewire Software Stock Down 1.7 %

Shares of NYSE GWRE traded down $3.27 during mid-day trading on Thursday, hitting $186.26. 745,592 shares of the company traded hands, compared to its average volume of 696,542. Guidewire Software, Inc. has a 1 year low of $86.49 and a 1 year high of $191.48. The stock has a market capitalization of $15.40 billion, a price-to-earnings ratio of -1,433.69, a PEG ratio of 48.42 and a beta of 1.19. The business has a 50 day moving average of $173.01 and a two-hundred day moving average of $145.43.

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. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company 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 firm earned $0.30 earnings per share. The business's quarterly revenue was up 8.0% on a year-over-year basis. As a group, research analysts anticipate that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Insider Activity

In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Tuesday, August 20th. The stock was 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider John P. Mullen sold 1,350 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $20,539,463.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the chief executive officer now owns 287,662 shares of the company's stock, valued at approximately $49,523,889.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,601 shares of company stock worth $9,050,448. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on GWRE shares. DA Davidson restated a "buy" rating and issued a $168.00 price target on shares of Guidewire Software in a research note on Friday, September 6th. Oppenheimer reaffirmed an "outperform" rating and set a $200.00 target price (up previously from $185.00) on shares of Guidewire Software in a research note on Friday, October 11th. BTIG Research boosted their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. JMP Securities raised their price target on Guidewire Software from $179.00 to $200.00 and gave the company a "market outperform" rating in a report on Friday, October 11th. Finally, Wells Fargo & Company upped 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $178.62.

About Guidewire Software

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.