Quantinno Capital Management LP Purchases 6,596 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Quantinno Capital Management LP lifted its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 175.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,364 shares of the technology company's stock after purchasing an additional 6,596 shares during the period. Quantinno Capital Management LP's holdings in Guidewire Software were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in GWRE. Ossiam acquired a new position in Guidewire Software in the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. acquired a new position in shares of Guidewire Software in the fourth quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after acquiring an additional 99 shares in the last quarter. R Squared Ltd acquired a new stake in Guidewire Software in the 4th quarter worth about $47,000. Finally, Colonial Trust Co SC boosted 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 purchasing an additional 183 shares during the period.

Insider Activity at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,956 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $370,485.96. Following the sale, the chief financial officer now directly owns 71,538 shares of the company's stock, valued at $13,550,012.58. The trade was a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James Winston King sold 1,051 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $199,069.91. Following the sale, the insider now directly owns 44,613 shares in the company, valued at $8,450,148.33. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,371 shares of company stock valued at $6,210,967. 0.48% of the stock is owned by insiders.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded up $1.75 on Friday, reaching $209.75. 988,750 shares of the stock were exchanged, compared to its average volume of 932,080. The firm's 50 day moving average is $197.97 and its 200-day moving average is $193.44. Guidewire Software, Inc. has a one year low of $107.65 and a one year high of $219.59. 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 firm has a market cap of $17.59 billion, a PE ratio of 582.63, a P/E/G ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

GWRE has been the subject of several recent research reports. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Robert W. Baird increased their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. The Goldman Sachs Group raised their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective 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. Finally, DA Davidson downgraded shares of Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 price objective on the stock. in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus target price of $207.42.

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.