4,568 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Weiss Asset Management LP

Weiss Asset Management LP acquired a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,568 shares of the technology company's stock, valued at approximately $836,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in Guidewire Software during the second quarter valued at about $31,000. Assetmark Inc. raised its position in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software during the third quarter valued at about $33,000. DT Investment Partners LLC purchased a new stake in Guidewire Software during the second quarter valued at about $41,000. Finally, Brooklyn Investment Group purchased a new stake in Guidewire Software during the third quarter valued at about $42,000.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The shares were 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. This trade represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 10,334 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $1,779,101.44. Following the transaction, the chief financial officer now owns 83,367 shares of the company's stock, valued at $14,352,462.72. The trade was a 11.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GWRE. Stifel Nicolaus raised their price target on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Royal Bank of Canada raised their price objective on Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday. Wells Fargo & Company raised their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday. Finally, Oppenheimer raised their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus price target of $193.00.

Guidewire Software Trading Down 2.1 %

Guidewire Software stock traded down $3.65 during trading hours on Monday, hitting $173.92. 2,242,469 shares of the stock traded hands, compared to its average volume of 727,338. The firm's 50-day moving average price is $191.58 and its two-hundred day moving average price is $161.08. The company has a market cap of $14.53 billion, a PE ratio of 493.25, a PEG ratio of 45.93 and a beta of 1.18. Guidewire Software, Inc. has a one year low of $95.02 and a one year high of $209.15.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. The business had revenue of $291.50 million for the quarter, compared to analysts' expectations of $283.84 million. Guidewire Software had a return on equity of 2.36% and a net margin of 2.91%. The business's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. On average, sell-side analysts expect that Guidewire Software, Inc. will post 0.53 earnings per share 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.