Renaissance Technologies LLC Buys 251,800 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Renaissance Technologies LLC grew its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1,951.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,700 shares of the technology company's stock after purchasing an additional 251,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.32% of Guidewire Software worth $44,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of GWRE. Vanguard Group Inc. lifted its stake in shares of Guidewire Software by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock valued at $1,425,434,000 after purchasing an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after buying an additional 1,009,966 shares during the period. Artisan Partners Limited Partnership increased its stake in Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after purchasing an additional 291,774 shares during the last quarter. Geode Capital Management LLC increased its position in Guidewire Software by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock valued at $226,701,000 after acquiring an additional 12,697 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after buying an additional 418,642 shares in the last quarter.

Guidewire Software Stock Up 0.0 %

Shares of NYSE GWRE traded up $0.08 during mid-day trading on Wednesday, reaching $193.71. The company had a trading volume of 118,978 shares, compared to its average volume of 900,152. The stock has a market cap of $16.25 billion, a P/E ratio of 538.08, a PEG ratio of 37.21 and a beta of 1.19. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The firm has a 50 day simple moving average of $193.97 and a two-hundred day simple moving average of $189.67. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Sell-side analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

GWRE has been the topic of several research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Robert W. Baird increased their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group upped their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $206.08.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $194.90, for a total value of $272,860.00. Following the sale, the chief executive officer now directly owns 257,193 shares in the company, valued at $50,126,915.70. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael C. Keller sold 1,848 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $185.03, for a total transaction of $341,935.44. Following the transaction, the director now owns 12,270 shares in the company, valued at $2,270,318.10. This represents a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,471 shares of company stock valued at $7,272,821 over the last ninety days. Corporate insiders own 0.48% of the company's stock.

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.