Two Sigma Investments LP Invests $2.42 Million in Guidewire Software, Inc. (NYSE:GWRE)

Two Sigma Investments LP purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,343 shares of the technology company's stock, valued at approximately $2,418,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GWRE. Ossiam acquired a new stake in shares of Guidewire Software in the 4th quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new stake in Guidewire Software during the fourth quarter worth about $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 valued at $34,000 after purchasing an additional 99 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Guidewire Software during the 4th quarter worth approximately $47,000. Finally, Colonial Trust Co SC raised its holdings in Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after buying an additional 183 shares during the period.

Analyst Ratings Changes

GWRE has been the subject of several research reports. Bank of America lifted their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a report on Wednesday. The Goldman Sachs Group lifted their target price on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their price target on shares of 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 reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Wednesday. Finally, Robert W. Baird raised their price target 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $229.50.

Guidewire Software Stock Performance

Shares of GWRE stock traded up $40.85 during mid-day trading on Wednesday, hitting $259.03. 1,822,671 shares of the stock were exchanged, compared to its average volume of 941,871. Guidewire Software, Inc. has a 12-month low of $107.65 and a 12-month high of $262.93. 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 stock has a market capitalization of $21.73 billion, a price-to-earnings ratio of 721.26, a P/E/G ratio of 37.21 and a beta of 1.18. The stock's fifty day simple moving average is $200.46 and its two-hundred day simple moving average is $194.29.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. The company had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $170.04, for a total value of $238,056.00. Following the completion of the sale, the chief executive officer now owns 269,130 shares of the company's stock, valued at approximately $45,762,865.20. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Winston King sold 1,051 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the transaction, the insider now owns 44,613 shares of the company's stock, valued at $8,450,148.33. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,671 shares of company stock worth $5,471,104. Company insiders own 0.48% of the company's stock.

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.