Guidewire Software, Inc. (NYSE:GWRE) Shares Bought by Tidal Investments LLC

Tidal Investments LLC lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 306.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,125 shares of the technology company's stock after acquiring an additional 10,652 shares during the quarter. Tidal Investments LLC's holdings in Guidewire Software were worth $2,381,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Ossiam acquired a new position in shares of Guidewire Software during the 4th quarter valued at $29,000. Cullen Frost Bankers Inc. bought a new position in Guidewire Software during the fourth quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Guidewire Software by 101.0% during the fourth 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 during the period. R Squared Ltd bought a new stake in Guidewire Software in the fourth quarter worth about $47,000. Finally, Colonial Trust Co SC raised its position in Guidewire Software by 176.0% in the fourth 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.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $207.57 on Friday. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market cap of $17.41 billion, a PE ratio of 576.58, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. The business has a fifty day simple moving average of $197.60 and a 200-day simple moving average of $193.27.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data 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). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, Director Michael C. Keller sold 1,848 shares of Guidewire Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $185.03, for a total transaction of $341,935.44. Following the completion of the sale, the director now owns 12,270 shares of the company's stock, valued at $2,270,318.10. This trade represents a 13.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $284,382.00. Following the transaction, the chief executive officer now owns 270,530 shares in the company, valued at approximately $54,952,758.90. This represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,371 shares of company stock valued at $6,210,967 over the last three months. 0.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. DA Davidson restated a "neutral" rating and issued a $226.00 price target on shares of Guidewire Software in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Finally, Robert W. Baird boosted their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. One 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.

Want to see what other hedge funds are holding GWRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guidewire Software, Inc. (NYSE:GWRE - Free Report).

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.