Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,300 shares of the technology company's stock after acquiring an additional 6,794 shares during the period. Cerity Partners LLC's holdings in Guidewire Software were worth $5,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Guidewire Software by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock worth $1,425,434,000 after purchasing an additional 90,618 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after purchasing an additional 1,009,966 shares during the last quarter. Stockbridge Partners LLC raised its holdings in Guidewire Software by 8.3% during the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock valued at $451,602,000 after acquiring an additional 205,382 shares during the period. Artisan Partners Limited Partnership raised its holdings in Guidewire Software by 26.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after acquiring an additional 291,774 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Guidewire Software by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock worth $226,701,000 after purchasing an additional 12,697 shares during the period.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded up $1.23 during trading hours on Thursday, reaching $221.34. The company's stock had a trading volume of 549,806 shares, compared to its average volume of 969,265. The firm has a 50 day moving average price of $229.09 and a 200-day moving average price of $205.75. Guidewire Software, Inc. has a one year low of $132.01 and a one year high of $263.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The stock has a market cap of $18.63 billion, a P/E ratio of 553.34, a P/E/G ratio of 19.52 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The business had revenue of $293.51 million for the quarter, compared to the consensus estimate of $286.40 million. During the same period in the prior year, the firm earned $0.26 EPS. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. On average, analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $308,910.00. Following the completion of the sale, the chief executive officer owned 233,068 shares of the company's stock, valued at $51,426,454.20. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President John P. Mullen sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total transaction of $705,150.00. Following the transaction, the president owned 146,489 shares in the company, valued at $34,432,239.45. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,342 shares of company stock worth $4,797,839 over the last quarter. 0.48% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GWRE has been the subject of several analyst reports. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Wells Fargo & Company raised their price target on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. DA Davidson restated a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Finally, JMP Securities lifted their price target on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $248.31.

Guidewire Software 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.