Harbor Capital Advisors Inc. Has $212,000 Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Harbor Capital Advisors Inc. reduced its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 18.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,159 shares of the technology company’s stock after selling 259 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Guidewire Software were worth $212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in Guidewire Software by 23.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock valued at $378,832,000 after purchasing an additional 516,942 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after purchasing an additional 256,702 shares in the last quarter. Whale Rock Capital Management LLC boosted its position in shares of Guidewire Software by 23.4% during 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 buying an additional 240,622 shares during the last quarter. Teca Partners LP purchased a new position in shares of Guidewire Software during the second quarter valued at approximately $25,893,000. Finally, Linonia Partnership LP grew its holdings in Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after buying an additional 185,077 shares in the last quarter.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Citigroup boosted their price target 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. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. DA Davidson reissued a “buy” rating and set a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. Finally, JMP Securities upped their target price on Guidewire Software from $179.00 to $200.00 and gave the company a “market outperform” rating in a report on Friday, October 11th. 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 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.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the firm’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 $4,024,928.64. Following the completion of the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider James Winston King sold 4,514 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the sale, the insider now directly owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $9,050,448 over the last quarter. Company insiders own 0.38% of the company’s stock.

Guidewire Software Price Performance

NYSE:GWRE opened at $194.94 on Friday. The company has a market capitalization of $16.28 billion, a P/E ratio of -2,436.45, a P/E/G ratio of 47.99 and a beta of 1.18. The business has a fifty day simple moving average of $177.98 and a two-hundred day simple moving average of $148.50. Guidewire Software, Inc. has a 1 year low of $89.36 and a 1 year high of $195.78.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. As a group, analysts anticipate that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

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.