T. Rowe Price Investment Management Inc. Buys Shares of 26,700 Guidewire Software, Inc. (NYSE:GWRE)

T. Rowe Price Investment Management Inc. acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,700 shares of the technology company's stock, valued at approximately $4,502,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MGO One Seven LLC bought a new position in shares of Guidewire Software during the fourth quarter worth $222,000. Dark Forest Capital Management LP bought a new position in Guidewire Software in the fourth quarter worth approximately $4,753,000. Harvest Investment Services LLC bought a new stake in Guidewire Software during the fourth quarter valued at about $1,563,000. Hsbc Holdings PLC raised its stake in shares of Guidewire Software by 52.9% during the 4th quarter. Hsbc Holdings PLC now owns 22,941 shares of the technology company's stock worth $3,856,000 after acquiring an additional 7,937 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Guidewire Software by 15.4% in the fourth quarter. Stifel Financial Corp now owns 43,533 shares of the technology company's stock valued at $7,339,000 after buying an additional 5,821 shares during the last quarter.

Guidewire Software Trading Down 1.4 %

Shares of NYSE:GWRE opened at $197.12 on Monday. Guidewire Software, Inc. has a 1-year low of $107.65 and a 1-year high of $219.59. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 547.56, a PEG ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The company has a 50 day moving average price of $190.38 and a 200 day moving average price of $190.27.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of 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. boosted their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. The Goldman Sachs Group lifted their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $206.08.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $208.42, for a total value of $291,788.00. Following the completion of the transaction, the chief executive officer now directly owns 276,130 shares of the company's stock, valued at $57,551,014.60. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $208.79, for a total transaction of $626,370.00. Following the completion of the transaction, the president now owns 174,746 shares in the company, valued at $36,485,217.34. This represents a 1.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,371 shares of company stock worth $6,856,503. Insiders own 0.48% of the company's stock.

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.

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