Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Creative Planning

Creative Planning boosted its position in Guidewire Software, Inc. (NYSE:GWRE) by 16.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,331 shares of the technology company’s stock after buying an additional 2,120 shares during the quarter. Creative Planning’s holdings in Guidewire Software were worth $2,805,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA increased its position in shares of Guidewire Software by 23.2% in the 2nd 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 last quarter. Whale Rock Capital Management LLC increased its stake in shares of Guidewire Software by 23.4% in the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after purchasing an additional 240,622 shares during the period. Teca Partners LP acquired a new stake in shares of Guidewire Software in the second quarter valued at approximately $25,893,000. Linonia Partnership LP boosted its holdings in shares of Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after acquiring an additional 185,077 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Guidewire Software by 121.0% in the first quarter. Clearbridge Investments LLC now owns 295,595 shares of the technology company’s stock valued at $34,499,000 after acquiring an additional 161,856 shares in the last quarter.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the business’s 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 sale, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at $49,523,889.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Jeffrey Elliott Cooper sold 10,334 shares of the company’s 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 $1,779,101.44. Following the completion of the transaction, the chief financial officer now owns 83,367 shares in the company, valued at $14,352,462.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock valued at $9,050,448 over the last ninety days. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. JMP Securities increased their target price on shares of Guidewire Software from $179.00 to $200.00 and gave the stock a “market outperform” rating in a research report on Friday, October 11th. Robert W. Baird raised their price target on shares of Guidewire Software from $175.00 to $204.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Citigroup lifted their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, BTIG Research raised their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.62.

Guidewire Software Stock Down 0.5 %

Shares of GWRE stock opened at $187.11 on Friday. Guidewire Software, Inc. has a 12-month low of $85.15 and a 12-month high of $191.48. The company has a market capitalization of $15.54 billion, a P/E ratio of -2,338.58, a P/E/G ratio of 48.42 and a beta of 1.19. The firm has a 50-day moving average price of $170.57 and a 200 day moving average price of $143.82.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. As a group, research analysts expect that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

Guidewire Software 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.