Entropy Technologies LP Takes $391,000 Position in Guidewire Software, Inc. $GWRE

Key Points

• Entropy Technologies LP has acquired 2,086 shares of Guidewire Software, Inc. (NYSE:GWRE), valued at approximately $391,000, as reported in their recent Form 13F filing with the SEC.
• Several institutional investors, including Massachusetts Financial Services and Invesco Ltd., have also significantly increased their stakes in Guidewire Software during the first quarter.
• The stock has seen a recent price target increase from analysts, with firms like JMP Securities and JPMorgan Chase rating it as "outperform" and raising price targets to as high as $290.

Entropy Technologies LP purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,086 shares of the technology company's stock, valued at approximately $391,000.

Several other large investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Guidewire Software by 70.4% during the 1st quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company's stock valued at $267,382,000 after purchasing an additional 589,424 shares during the last quarter. Townsquare Capital LLC grew its position in Guidewire Software by 181.8% during the 1st quarter. Townsquare Capital LLC now owns 19,438 shares of the technology company's stock worth $3,642,000 after purchasing an additional 12,540 shares during the period. Headlands Technologies LLC acquired a new stake in Guidewire Software during the 1st quarter worth about $208,000. Deutsche Bank AG boosted its stake in shares of Guidewire Software by 54.0% in the first quarter. Deutsche Bank AG now owns 342,973 shares of the technology company's stock worth $64,259,000 after buying an additional 120,252 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Guidewire Software by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 530,594 shares of the technology company's stock worth $99,412,000 after buying an additional 8,008 shares during the last quarter.

Guidewire Software Price Performance

Shares of NYSE GWRE traded up $2.10 during midday trading on Monday, hitting $213.53. The stock had a trading volume of 175,560 shares, compared to its average volume of 967,985. The company has a market capitalization of $17.98 billion, a PE ratio of 534.13, a P/E/G ratio of 14.91 and a beta of 1.16. The stock has a 50 day simple moving average of $229.51 and a 200-day simple moving average of $211.60. Guidewire Software, Inc. has a 1 year low of $142.94 and a 1 year high of $263.20. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.41. The business had revenue of $293.51 million for the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The business's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. On average, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GWRE has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. DA Davidson restated a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a research note on Wednesday, June 4th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. Raymond James Financial increased their price target on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Oppenheimer increased their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $250.92.

Insider Activity

In other news, insider James Winston King sold 2,482 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $220.65, for a total value of $547,653.30. Following the completion of the sale, the insider directly owned 37,441 shares in the company, valued at $8,261,356.65. This represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $223.28, for a total value of $669,840.00. Following the transaction, the president owned 143,489 shares in the company, valued at approximately $32,038,223.92. The trade was a 2.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,342 shares of company stock worth $5,568,857 over the last three months. 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.