Aigen Investment Management LP Takes $978,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Key Points

• Aigen Investment Management LP has acquired a new stake in Guidewire Software, buying 5,220 shares valued at approximately $978,000.
• Major investors like Invesco Ltd. and Deutsche Bank AG have also increased their holdings in Guidewire Software during the first quarter.
• Analysts have set a moderate buy rating for Guidewire Software, with the average target price around $250.92, reflecting positive expectations for the company's financial performance.

Aigen Investment Management LP bought 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 Form 13F filing with the Securities and Exchange Commission. The fund bought 5,220 shares of the technology company's stock, valued at approximately $978,000.

Several other large investors have also recently modified their holdings of the stock. Entropy Technologies LP bought a new position in shares of Guidewire Software during the 1st quarter valued at approximately $391,000. Invesco Ltd. boosted its holdings 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 acquiring an additional 589,424 shares during the period. Townsquare Capital LLC boosted its holdings in Guidewire Software by 181.8% during the 1st quarter. Townsquare Capital LLC now owns 19,438 shares of the technology company's stock valued at $3,642,000 after acquiring an additional 12,540 shares during the period. Headlands Technologies LLC purchased a new position in Guidewire Software during the 1st quarter valued at $208,000. Finally, Deutsche Bank AG boosted its holdings in Guidewire Software by 54.0% during the 1st quarter. Deutsche Bank AG now owns 342,973 shares of the technology company's stock valued at $64,259,000 after acquiring an additional 120,252 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GWRE. Raymond James Financial boosted their price objective on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Royal Bank Of Canada restated an "outperform" rating and set a $290.00 price objective on shares of Guidewire Software in a report on Monday, June 23rd. Bank of America boosted their price objective on Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a report on Wednesday, June 4th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. Finally, Robert W. Baird upped their target price on Guidewire Software from $265.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Guidewire Software currently has a consensus rating of "Moderate Buy" and an average target price of $250.92.

Insider Buying and Selling at Guidewire Software

In related news, Director Michael C. Keller sold 1,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $237.53, for a total transaction of $237,530.00. Following the sale, the director directly owned 10,410 shares of the company's stock, valued at $2,472,687.30. This trade represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $225.04, for a total value of $315,056.00. Following the sale, the chief executive officer directly owned 228,868 shares in the company, valued at approximately $51,504,454.72. This trade represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,342 shares of company stock valued at $5,572,791 in the last three months. Company insiders own 0.48% of the company's stock.

Guidewire Software Stock Down 1.8%

Shares of GWRE stock opened at $213.46 on Monday. The stock's 50-day simple moving average is $232.54 and its 200-day simple moving average is $211.52. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The firm has a market capitalization of $17.97 billion, a PE ratio of 533.64, a P/E/G ratio of 15.04 and a beta of 1.16. Guidewire Software, Inc. has a fifty-two week low of $142.94 and a fifty-two week high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced 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 business had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The company's revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. Equities analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.