SpiderRock Advisors LLC Invests $297,000 in Guidewire Software, Inc. (NYSE:GWRE)

SpiderRock Advisors LLC bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,619 shares of the technology company’s stock, valued at approximately $297,000.

Several other institutional investors have also bought and sold shares of GWRE. Partners Capital Investment Group LLP increased its stake in shares of Guidewire Software by 2.9% during the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock worth $378,000 after purchasing an additional 99 shares during the last quarter. Greenwich Wealth Management LLC boosted its position in Guidewire Software by 0.3% during the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock worth $4,051,000 after purchasing an additional 101 shares during the period. Lindbrook Capital LLC raised its position in shares of Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Guidewire Software by 8.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock valued at $197,000 after buying an additional 142 shares in the last quarter. Finally, CWM LLC boosted its holdings in Guidewire Software by 18.4% in the 4th quarter. CWM LLC now owns 1,154 shares of the technology company’s stock worth $126,000 after buying an additional 179 shares during the period.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the sale, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total transaction of $405,907.18. Following the completion of the transaction, the chief financial officer now owns 63,479 shares of the company’s stock, valued at approximately $8,540,464.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total transaction of $751,002.28. Following the completion of the transaction, the chief executive officer now owns 239,793 shares in the company, valued at approximately $32,261,750.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,064 shares of company stock valued at $1,710,361. 0.38% of the stock is currently owned by corporate insiders.

Guidewire Software Trading Down 0.1 %

GWRE traded down $0.13 during midday trading on Friday, reaching $138.99. 106,268 shares of the company’s stock traded hands, compared to its average volume of 627,761. Guidewire Software, Inc. has a 52 week low of $74.03 and a 52 week high of $140.55. The firm has a fifty day moving average of $125.13 and a two-hundred day moving average of $117.37.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.14. The business had revenue of $240.68 million during the quarter, compared to analyst estimates of $231.46 million. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. Analysts predict that Guidewire Software, Inc. will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GWRE shares. JPMorgan Chase & Co. increased their target price on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Robert W. Baird raised their target price on Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Stifel Nicolaus raised their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Citigroup upped their target price on shares of Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a report on Tuesday, June 4th. Finally, Bank of America increased their target price on shares of Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $133.08.

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.