PDT Partners LLC Buys Shares of 5,500 Guidewire Software, Inc. (NYSE:GWRE)

PDT Partners LLC purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,500 shares of the technology company's stock, valued at approximately $1,006,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Guidewire Software by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,984 shares of the technology company's stock valued at $5,251,000 after acquiring an additional 738 shares in the last quarter. Comerica Bank grew its stake in shares of Guidewire Software by 61.7% in the 1st quarter. Comerica Bank now owns 25,024 shares of the technology company's stock valued at $2,921,000 after purchasing an additional 9,546 shares during the period. Cetera Investment Advisers raised its holdings in shares of Guidewire Software by 648.0% in the 1st quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company's stock worth $2,114,000 after buying an additional 15,695 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Guidewire Software by 42.1% during the 2nd quarter. GAMMA Investing LLC now owns 760 shares of the technology company's stock worth $105,000 after buying an additional 225 shares during the period. Finally, Lynx Investment Advisory acquired a new stake in Guidewire Software in the 2nd quarter valued at $41,000.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GWRE shares. Royal Bank of Canada reiterated an "outperform" rating and set a $215.00 price objective on shares of Guidewire Software in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, October 3rd. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Friday, October 11th. Citigroup raised their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Finally, BTIG Research boosted their target price on Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $186.08.

Insider Activity at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 23,379 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. The trade was a 7.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 10,334 shares of the company'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 $1,779,101.44. Following the completion of the sale, the chief financial officer now directly owns 83,367 shares of the company's stock, valued at approximately $14,352,462.72. This trade represents a 11.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $9,116,179 over the last ninety days. Company insiders own 0.48% of the company's stock.

Guidewire Software Price Performance

Shares of NYSE GWRE traded down $2.06 during midday trading on Monday, hitting $200.83. The stock had a trading volume of 916,535 shares, compared to its average volume of 698,913. Guidewire Software, Inc. has a fifty-two week low of $95.02 and a fifty-two week high of $207.10. The firm has a market cap of $16.77 billion, a P/E ratio of -2,522.18, a price-to-earnings-growth ratio of 52.48 and a beta of 1.18. The company's 50-day simple moving average is $189.29 and its 200 day simple moving average is $158.40.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share 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 analysts' expectations of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. Equities analysts expect that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal 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.