Intech Investment Management LLC Invests $4.76 Million in Guidewire Software, Inc. (NYSE:GWRE)

Intech Investment Management LLC acquired a new position in Guidewire Software, Inc. (NYSE:GWRE) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 28,225 shares of the technology company’s stock, valued at approximately $4,758,000.

Other hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. boosted its position in shares of Guidewire Software by 22.2% during the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after purchasing an additional 488 shares in the last quarter. Donoghue Forlines LLC bought a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $2,110,000. Icon Wealth Advisors LLC boosted its position in shares of Guidewire Software by 72.4% during the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after purchasing an additional 2,512 shares in the last quarter. GDS Wealth Management boosted its position in shares of Guidewire Software by 618.5% during the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock valued at $3,161,000 after purchasing an additional 16,142 shares in the last quarter. Finally, Whale Rock Capital Management LLC boosted its position in shares of Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after purchasing an additional 31,512 shares in the last quarter.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s 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 sale, the chief executive officer now owns 274,730 shares in the company, valued at approximately $58,979,036.40. This represents a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President John P. Mullen sold 3,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $208.79, for a total value of $626,370.00. Following the sale, the president now owns 174,746 shares of the company’s stock, valued at approximately $36,485,217.34. This trade represents a 1.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,470 shares of company stock worth $5,454,567. 0.48% of the stock is owned by insiders.

Guidewire Software Stock Down 0.1 %

GWRE stock opened at $191.30 on Wednesday. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The business has a fifty day moving average price of $196.12 and a 200-day moving average price of $186.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $16.05 billion, a P/E ratio of 531.39, a P/E/G ratio of 37.21 and a beta of 1.31.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GWRE shares. JPMorgan Chase & Co. lifted their price target on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Wells Fargo & Company lifted their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson reiterated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and an average 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.