Driehaus Capital Management LLC Lowers Position in Guidewire Software, Inc. (NYSE:GWRE)

Driehaus Capital Management LLC trimmed its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,333 shares of the technology company's stock after selling 9,340 shares during the period. Driehaus Capital Management LLC owned 0.13% of Guidewire Software worth $18,600,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. lifted its position in shares of Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock valued at $453,000 after buying an additional 488 shares during the last quarter. Donoghue Forlines LLC acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $2,110,000. GDS Wealth Management lifted its position in shares of Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock valued at $3,161,000 after buying an additional 16,142 shares during the last quarter. Banco Santander S.A. acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $427,000. Finally, MGO One Seven LLC acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $222,000.

Analyst Upgrades and Downgrades

GWRE has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target 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 target on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total transaction of $297,388.00. Following the sale, the chief executive officer now owns 273,330 shares in the company, valued at $58,060,758.60. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President John P. Mullen sold 2,300 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total value 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. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,371 shares of company stock worth $6,207,005 in the last 90 days. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Price Performance

GWRE stock traded down $0.03 during midday trading on Monday, reaching $213.54. 761,630 shares of the stock were exchanged, compared to its average volume of 919,480. The stock has a market capitalization of $17.91 billion, a PE ratio of 593.17, a P/E/G ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week high of $220.35. 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 has a fifty day moving average price of $192.02 and a 200 day moving average price of $191.88.

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 for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. As a group, analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Guidewire Software Company 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.