3,021 Shares in Guidewire Software, Inc. (NYSE:GWRE) Purchased by Aigen Investment Management LP

Aigen Investment Management LP purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 3,021 shares of the technology company’s stock, valued at approximately $553,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GWRE. Vanguard Group Inc. grew its stake in shares of Guidewire Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock valued at $949,430,000 after purchasing an additional 67,439 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Guidewire Software by 23.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after purchasing an additional 516,942 shares during the period. Linonia Partnership LP grew its position in Guidewire Software by 8.4% in the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after buying an additional 185,077 shares during the last quarter. Whale Rock Capital Management LLC increased its stake in Guidewire Software by 23.4% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after buying an additional 240,622 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in Guidewire Software by 1.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 630,335 shares of the technology company’s stock worth $73,566,000 after buying an additional 8,995 shares during the last quarter.

Insiders Place Their Bets

In other news, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the transaction, the president now directly owns 190,611 shares of the company’s stock, valued at $35,773,872.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Guidewire Software 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 value of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the transaction, the president now directly owns 190,611 shares in the company, valued at approximately $35,773,872.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,601 shares of company stock valued at $9,050,448. Corporate insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GWRE. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 target price (up previously from $185.00) on shares of Guidewire Software in a report on Friday, October 11th. Wells Fargo & Company boosted their target price on Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Robert W. Baird increased their target price on Guidewire Software from $175.00 to $204.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada lifted their price target on Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. increased their price objective on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.62.

Guidewire Software Trading Up 0.4 %

NYSE:GWRE opened at $196.24 on Thursday. The company has a market capitalization of $16.39 billion, a P/E ratio of -2,452.69, a price-to-earnings-growth ratio of 50.59 and a beta of 1.18. The firm has a 50-day moving average price of $181.81 and a two-hundred day moving average price of $151.08. Guidewire Software, Inc. has a twelve month low of $94.52 and a twelve month high of $199.33.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same period in the prior year, the business earned $0.30 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Guidewire Software, Inc. will post 0.53 earnings per share for the current 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.