Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by AtonRa Partners

AtonRa Partners lowered its stake in Guidewire Software, Inc. (NYSE:GWRE) by 23.6% during the fourth quarter, HoldingsChannel reports. The firm owned 5,014 shares of the technology company’s stock after selling 1,547 shares during the quarter. Guidewire Software comprises approximately 1.1% of AtonRa Partners’ portfolio, making the stock its 28th biggest holding. AtonRa Partners’ holdings in Guidewire Software were worth $547,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Invesco Ltd. boosted its holdings in Guidewire Software by 141.4% in the 3rd quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock valued at $165,831,000 after purchasing an additional 1,079,268 shares in the last quarter. Brown Advisory Inc. grew its holdings in Guidewire Software by 2,902.6% during the third quarter. Brown Advisory Inc. now owns 475,820 shares of the technology company’s stock worth $42,824,000 after acquiring an additional 459,973 shares during the period. Van ECK Associates Corp raised its position in Guidewire Software by 16.2% in the third quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company’s stock worth $190,440,000 after acquiring an additional 294,631 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Guidewire Software by 628.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 313,151 shares of the technology company’s stock valued at $28,184,000 after acquiring an additional 270,169 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of Guidewire Software during the 4th quarter worth $17,240,000.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the transaction, the chief executive officer now owns 245,375 shares in the company, valued at $27,420,656.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $111.35, for a total transaction of $150,322.50. Following the sale, the insider now directly owns 148,047 shares in the company, valued at approximately $16,485,033.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 4,420 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the transaction, the chief executive officer now directly owns 245,375 shares in the company, valued at $27,420,656.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,435 shares of company stock valued at $1,053,821. Company insiders own 0.38% of the company’s stock.

Guidewire Software Trading Down 0.6 %

Shares of GWRE stock traded down $0.66 during trading hours on Monday, hitting $112.89. 462,633 shares of the company were exchanged, compared to its average volume of 616,070. Guidewire Software, Inc. has a 1 year low of $68.45 and a 1 year high of $122.35. The firm has a fifty day moving average of $114.77 and a 200 day moving average of $106.86. The firm has a market cap of $9.29 billion, a PE ratio of -181.98 and a beta of 1.15. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The company had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. Analysts expect that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GWRE. DA Davidson reiterated a “buy” rating and issued a $126.00 price target on shares of Guidewire Software in a report on Tuesday, March 5th. Raymond James assumed coverage on Guidewire Software in a research note on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target on the stock. Oppenheimer raised their price objective on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird boosted their target price on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.11.

About Guidewire Software

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.