Guidewire Software, Inc. (NYSE:GWRE) Holdings Boosted by Teca Partners LP

Teca Partners LP boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 21.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,296 shares of the technology company's stock after purchasing an additional 29,460 shares during the quarter. Guidewire Software makes up approximately 17.6% of Teca Partners LP's holdings, making the stock its biggest position. Teca Partners LP owned 0.20% of Guidewire Software worth $27,697,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of Guidewire Software in the 4th quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after purchasing an additional 99 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Guidewire Software in the fourth quarter worth about $34,000. R Squared Ltd bought a new stake in Guidewire Software in the fourth quarter worth about $47,000. Finally, Tobam bought a new position in shares of Guidewire Software during the fourth quarter valued at approximately $52,000.

Insider Activity

In other news, Director Michael C. Keller sold 1,848 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $185.03, for a total value of $341,935.44. Following the transaction, the director now owns 12,270 shares in the company, valued at $2,270,318.10. This trade represents a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $167.82, for a total value of $234,948.00. Following the sale, the chief executive officer now owns 258,593 shares of the company's stock, valued at $43,397,077.26. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,471 shares of company stock worth $7,272,821 in the last quarter. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Stock Performance

GWRE stock traded down $0.87 during trading on Friday, hitting $191.18. 482,782 shares of the company traded hands, compared to its average volume of 909,304. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 1 year low of $107.52 and a 1 year high of $219.59. The stock's 50-day simple moving average is $192.54 and its 200 day simple moving average is $189.88. The company has a market cap of $16.04 billion, a PE ratio of 531.06, a P/E/G ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 2.91% and a return on equity of 2.38%. On average, equities analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.