Dark Forest Capital Management LP Takes $4.75 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

Dark Forest Capital Management LP bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 28,197 shares of the technology company's stock, valued at approximately $4,753,000. Guidewire Software comprises about 0.7% of Dark Forest Capital Management LP's investment portfolio, making the stock its 8th largest holding.

A number of other large investors also recently modified their holdings of GWRE. Versant Capital Management Inc bought a new position in shares of Guidewire Software during the fourth quarter worth about $25,000. Ossiam bought a new position in Guidewire Software in the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. bought a new stake in Guidewire Software during the 4th quarter valued at $34,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Guidewire Software by 101.0% during the fourth 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. Finally, R Squared Ltd acquired a new stake in Guidewire Software in the 4th quarter valued at about $47,000.

Insider Activity at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $208.42, for a total transaction of $291,788.00. Following the transaction, the chief executive officer now directly owns 276,130 shares of the company's stock, valued at $57,551,014.60. This trade represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 2,300 shares of the business's stock in a transaction on 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 sale, the president now directly owns 172,446 shares in the company, valued at $35,028,955.98. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,371 shares of company stock valued at $6,856,503 in the last three months. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Price Performance

Shares of GWRE stock traded down $0.48 during mid-day trading on Monday, reaching $196.97. The company's stock had a trading volume of 164,533 shares, compared to its average volume of 1,123,689. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm's 50-day moving average is $190.38 and its two-hundred day moving average is $190.27. Guidewire Software, Inc. has a 1-year low of $107.65 and a 1-year high of $219.59. The company has a market cap of $16.52 billion, a P/E ratio of 547.13, 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 for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several research analyst reports. Robert W. Baird increased 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. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and an average price target of $206.08.

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.