Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Laurus Global Equity Management Inc.

Laurus Global Equity Management Inc. lowered its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 85.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,990 shares of the technology company's stock after selling 65,051 shares during the quarter. Guidewire Software accounts for 1.4% of Laurus Global Equity Management Inc.'s investment portfolio, making the stock its 18th largest holding. Laurus Global Equity Management Inc.'s holdings in Guidewire Software were worth $2,059,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ossiam acquired a new position in shares of Guidewire Software during the 4th quarter worth $29,000. MassMutual Private Wealth & Trust FSB increased its holdings in Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after acquiring an additional 70 shares in the last quarter. Dunhill Financial LLC purchased a new position in Guidewire Software during the 1st quarter valued at about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in 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 valued at $34,000 after acquiring an additional 99 shares in the last quarter. Finally, Colonial Trust Co SC increased its holdings in Guidewire Software by 176.0% during the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after acquiring an additional 183 shares in the last quarter.

Analysts Set New Price Targets

GWRE has been the subject of several recent research reports. DA Davidson restated a "neutral" rating and set a $226.00 target price on shares of Guidewire Software in a report on Wednesday, June 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a research note on Monday, June 23rd. JMP Securities raised 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. Citigroup raised their price target on shares of Guidewire Software from $199.00 to $247.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Finally, Raymond James Financial raised their price target on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus target price of $248.31.

Guidewire Software Trading Down 0.5%

Shares of GWRE traded down $1.20 during mid-day trading on Tuesday, hitting $220.98. The company had a trading volume of 614,980 shares, compared to its average volume of 969,020. Guidewire Software, Inc. has a 1-year low of $132.01 and a 1-year high of $263.20. The business's 50-day simple moving average is $228.37 and its 200-day simple moving average is $204.81. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. The stock has a market cap of $18.61 billion, a PE ratio of 552.45, a P/E/G ratio of 19.52 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating 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 firm had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. During the same period in the previous year, the company posted $0.26 earnings per share. Guidewire Software's revenue was up 22.0% compared to the same quarter last year. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $256.50, for a total value of $359,100.00. Following the sale, the chief executive officer directly owned 245,993 shares of the company's stock, valued at $63,097,204.50. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President John P. Mullen sold 3,000 shares of the company's stock in a transaction 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 completion of the sale, the president directly owned 146,489 shares in the company, valued at $34,432,239.45. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,460 shares of company stock worth $3,941,276. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Company 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.