Stockbridge Partners LLC Has $451.60 Million Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Stockbridge Partners LLC grew its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,678,857 shares of the technology company's stock after purchasing an additional 205,382 shares during the period. Guidewire Software comprises about 9.6% of Stockbridge Partners LLC's holdings, making the stock its 3rd largest position. Stockbridge Partners LLC owned approximately 3.21% of Guidewire Software worth $451,602,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GWRE. Ossiam bought a new stake in shares of Guidewire Software during the 4th quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after acquiring an additional 99 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software during the 4th quarter worth about $34,000. R Squared Ltd bought a new stake in shares of Guidewire Software during the 4th quarter worth about $47,000. Finally, Colonial Trust Co SC boosted its stake in shares of Guidewire Software by 176.0% during the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after acquiring an additional 183 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on GWRE. JPMorgan Chase & Co. upped their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Robert W. Baird boosted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group increased their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus price target of $206.08.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $215.25, for a total transaction of $301,350.00. Following the transaction, the chief executive officer now owns 250,193 shares in the company, valued at approximately $53,854,043.25. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President John P. Mullen sold 2,300 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the transaction, the president now owns 172,446 shares in the company, valued at $35,028,955.98. This represents 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 valued at $6,210,967 over the last ninety days. 0.48% of the stock is owned by company insiders.

Guidewire Software Trading Down 2.1%

Shares of NYSE:GWRE traded down $4.57 during midday trading on Wednesday, hitting $210.73. 466,262 shares of the stock were exchanged, compared to its average volume of 924,287. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of 585.35, a P/E/G ratio of 37.21 and a beta of 1.18. 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 business's 50-day moving average price is $196.79 and its 200 day moving average price is $193.00. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Analysts predict 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.