Canada Pension Plan Investment Board Acquires 3,100 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Canada Pension Plan Investment Board raised its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 41.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,500 shares of the technology company's stock after acquiring an additional 3,100 shares during the period. Canada Pension Plan Investment Board's holdings in Guidewire Software were worth $1,770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Guidewire Software by 10.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock valued at $100,000 after purchasing an additional 56 shares during the period. Hanseatic Management Services Inc. grew its stake in shares of Guidewire Software by 12.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock valued at $91,000 after acquiring an additional 58 shares in the last quarter. Norden Group LLC increased its position in shares of Guidewire Software by 5.2% during the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock worth $208,000 after acquiring an additional 61 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its stake in shares of Guidewire Software by 1.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock worth $681,000 after acquiring an additional 75 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares in the last quarter.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded up $4.17 on Tuesday, reaching $203.74. 160,491 shares of the company traded hands, compared to its average volume of 911,014. The stock has a market capitalization of $17.09 billion, a PE ratio of 567.51, a P/E/G ratio of 37.21 and a beta of 1.19. 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 company's 50 day moving average is $190.11 and its 200-day moving average is $190.36. Guidewire Software, Inc. has a fifty-two week low of $107.65 and a fifty-two week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million for 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%. As a group, analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction dated 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 directly owns 274,730 shares in the company, valued at approximately $58,979,036.40. This trade represents a 0.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 3,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $208.79, for a total value of $626,370.00. Following the completion of the transaction, the president now owns 174,746 shares in the company, valued at $36,485,217.34. This represents a 1.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,371 shares of company stock worth $6,856,503. Corporate insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GWRE shares. Robert W. Baird raised 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. The Goldman Sachs Group increased their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. One equities research 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $206.08.

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.