Maven Securities LTD Makes New $234,000 Investment in Guidewire Software, Inc. (NYSE:GWRE)

Maven Securities LTD purchased a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,390 shares of the technology company's stock, valued at approximately $234,000.

Several other institutional investors have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its position in shares of Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after acquiring an additional 1,009,966 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Guidewire Software by 79.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after buying an additional 418,642 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Guidewire Software by 242.2% during the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock worth $93,683,000 after acquiring an additional 393,445 shares during the last quarter. Rathbones Group PLC bought a new position in shares of Guidewire Software during the fourth quarter worth $58,118,000. Finally, Balyasny Asset Management L.P. increased its holdings in Guidewire Software by 877.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock valued at $61,944,000 after acquiring an additional 329,863 shares during the last quarter.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total value of $297,388.00. Following the transaction, the chief executive officer now owns 273,330 shares of the company's stock, valued at $58,060,758.60. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael C. Keller sold 1,848 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $185.03, for a total value of $341,935.44. Following the transaction, the director now owns 12,270 shares in the company, valued at $2,270,318.10. The trade was a 13.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,371 shares of company stock valued at $6,207,005. 0.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GWRE has been the topic of several research reports. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Robert W. Baird lifted their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. The Goldman Sachs Group upped their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $206.08.

Guidewire Software Trading Up 0.6%

Shares of GWRE stock traded up $1.38 during trading hours on Friday, reaching $216.55. 582,623 shares of the stock were exchanged, compared to its average volume of 925,646. The firm has a market capitalization of $18.16 billion, a price-to-earnings ratio of 601.53, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 12-month low of $107.65 and a 12-month high of $219.59. The company's 50-day moving average price is $195.22 and its 200-day moving average price is $192.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (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 for the quarter, compared to analysts' expectations of $285.74 million. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 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.