Blueshift Asset Management LLC Increases Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Blueshift Asset Management LLC grew its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 14.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,808 shares of the technology company’s stock after acquiring an additional 235 shares during the quarter. Blueshift Asset Management LLC’s holdings in Guidewire Software were worth $305,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in shares of Guidewire Software in the 3rd quarter valued at $219,000. Oppenheimer & Co. Inc. purchased a new position in shares of Guidewire Software during the third quarter worth about $415,000. CIBC Asset Management Inc grew its holdings in shares of Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after purchasing an additional 87 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of Guidewire Software by 7.6% in the 3rd quarter. Pathstone Holdings LLC now owns 26,184 shares of the technology company’s stock valued at $4,790,000 after purchasing an additional 1,849 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after purchasing an additional 679,558 shares during the period.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, February 10th. The stock was sold at an average price of $214.68, for a total transaction of $300,552.00. Following the completion of the transaction, the chief executive officer now directly owns 274,730 shares of the company’s stock, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jeffrey Elliott Cooper sold 1,956 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $370,485.96. Following the sale, the chief financial officer now owns 71,538 shares in the company, valued at approximately $13,550,012.58. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,780 shares of company stock valued at $6,886,553. 0.48% of the stock is owned by company insiders.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $191.84 on Friday. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The company has a 50-day moving average price of $197.47 and a 200 day moving average price of $187.12. The company has a market cap of $16.09 billion, a P/E ratio of 532.89, a PEG ratio of 37.21 and a beta of 1.31. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The business had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on GWRE. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. The Goldman Sachs Group lifted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. JMP Securities reiterated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson restated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada increased their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.