Advisory Services Network LLC Acquires Shares of 1,535 Guidewire Software, Inc. (NYSE:GWRE)

Advisory Services Network LLC bought a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,535 shares of the technology company's stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GWRE. Versant Capital Management Inc purchased a new stake in Guidewire Software in the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Guidewire Software during the 4th quarter valued at $34,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after buying an additional 99 shares during the period. R Squared Ltd purchased a new stake in Guidewire Software in the 4th quarter worth $47,000. Finally, Tobam bought a new stake in Guidewire Software during the fourth quarter valued at about $52,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Robert W. Baird lifted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Guidewire Software has a consensus rating of "Moderate Buy" and an average target price of $206.08.

Guidewire Software Trading Up 3.5 %

GWRE stock traded up $6.80 during trading on Thursday, hitting $200.69. The company had a trading volume of 196,694 shares, compared to its average volume of 906,155. The company has a 50 day simple moving average of $190.99 and a 200-day simple moving average of $189.95. 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, Inc. has a 52-week low of $107.65 and a 52-week high of $219.59. The firm has a market capitalization of $16.83 billion, a P/E ratio of 556.10, a PEG ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $208.79, for a total transaction of $626,370.00. Following the completion of the transaction, the president now owns 174,746 shares in the company, valued at approximately $36,485,217.34. This trade represents a 1.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $167.82, for a total transaction of $234,948.00. Following the completion of the transaction, the chief executive officer now owns 258,593 shares of the company's stock, valued at approximately $43,397,077.26. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,771 shares of company stock valued at $7,139,163 in the last ninety days. Corporate insiders own 0.48% of the company's stock.

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.