Guidewire Software, Inc. (NYSE:GWRE) Shares Bought by Westwind Capital

Westwind Capital boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 2.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 78,495 shares of the technology company's stock after acquiring an additional 1,944 shares during the period. Guidewire Software comprises about 3.7% of Westwind Capital's holdings, making the stock its 13th biggest holding. Westwind Capital owned 0.09% of Guidewire Software worth $14,707,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its holdings in shares of Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after buying an additional 1,009,966 shares in the last quarter. Congress Asset Management Co. purchased a new stake in shares of Guidewire Software during the first quarter worth $85,453,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Guidewire Software by 79.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after buying an additional 418,642 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Guidewire Software by 242.2% during the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock worth $93,683,000 after buying an additional 393,445 shares in the last quarter. Finally, Rathbones Group PLC purchased a new stake in shares of Guidewire Software during the fourth quarter worth $58,118,000.

Guidewire Software Stock Performance

NYSE:GWRE opened at $235.37 on Friday. The firm's fifty day moving average price is $222.25 and its 200 day moving average price is $200.52. Guidewire Software, Inc. has a 1-year low of $132.01 and a 1-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 firm has a market cap of $19.82 billion, a price-to-earnings ratio of 588.41, a price-to-earnings-growth ratio of 20.67 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of research reports. Raymond James Financial upped their target price on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. DA Davidson reissued a "neutral" rating and issued a $226.00 price objective on shares of Guidewire Software in a report on Wednesday, June 4th. Oppenheimer upped their price objective on shares of Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. Finally, Wells Fargo & Company upped their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $248.31.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total transaction of $432,285.00. Following the sale, the president now owns 164,030 shares of the company's stock, valued at approximately $30,829,438.50. This trade represents a 1.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $184.41, for a total value of $258,174.00. Following the sale, the chief executive officer now directly owns 259,993 shares in the company, valued at $47,945,309.13. The trade was a 0.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,160 shares of company stock valued at $3,779,767 in the last three months. Corporate insiders own 0.48% of the company's stock.

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.

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