Caisse DE Depot ET Placement DU Quebec Invests $3.46 Million in Guidewire Software, Inc. (NYSE:GWRE)

Caisse DE Depot ET Placement DU Quebec acquired a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,500 shares of the technology company's stock, valued at approximately $3,456,000.

A number of other large investors also recently made changes to their positions in GWRE. Massachusetts Financial Services Co. MA boosted its stake in shares of Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after acquiring an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Guidewire Software by 79.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after buying an additional 418,642 shares in the last quarter. Rathbones Group PLC bought a new position in Guidewire Software in the 4th quarter valued at approximately $58,118,000. Artisan Partners Limited Partnership grew its position in shares of Guidewire Software by 26.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after buying an additional 291,774 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Guidewire Software by 1,951.9% during the fourth quarter. Renaissance Technologies LLC now owns 264,700 shares of the technology company's stock worth $44,623,000 after buying an additional 251,800 shares during the period.

Wall Street Analysts Forecast Growth

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

Guidewire Software Stock Performance

GWRE traded up $0.21 during trading on Friday, hitting $213.63. The stock had a trading volume of 483,855 shares, compared to its average volume of 915,044. The firm has a market capitalization of $17.92 billion, a P/E ratio of 593.42, a PEG ratio of 37.21 and a beta of 1.18. The company's 50-day moving average price is $191.33 and its 200 day moving average price is $191.46. Guidewire Software, Inc. has a twelve month low of $107.65 and a twelve month high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 2,300 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the completion of the transaction, the president now owns 172,446 shares in the company, valued at approximately $35,028,955.98. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Winston King sold 1,051 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $199,069.91. Following the completion of the transaction, the insider now directly owns 44,613 shares of the company's stock, valued at approximately $8,450,148.33. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,771 shares of company stock valued at $6,507,557 in the last ninety days. Insiders own 0.48% of the company's stock.

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.