Guidewire Software, Inc. $GWRE is Makena Capital Management LLC's 10th Largest Position

Key Points

• Makena Capital Management LLC increased its position in Guidewire Software by 60.7%, acquiring 48,433 additional shares, making it the 10th largest holding in their investment portfolio.
• Multiple analysts have upgraded Guidewire Software's stock rating, with price targets ranging from $160 to $288, indicating a consensus average price target of $250.92 and an overall rating of "Moderate Buy."
• Insider trading activity includes notable sales by President John P. Mullen and insider James Winston King, who sold shares valued at over $1.25 million collectively, reflecting a decrease in their held positions.

Makena Capital Management LLC lifted its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 60.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,288 shares of the technology company's stock after buying an additional 48,433 shares during the period. Guidewire Software comprises 2.5% of Makena Capital Management LLC's holdings, making the stock its 10th largest holding. Makena Capital Management LLC owned approximately 0.15% of Guidewire Software worth $24,036,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GWRE. Advisory Services Network LLC bought a new stake in shares of Guidewire Software in the 4th quarter worth about $259,000. Guggenheim Capital LLC bought a new stake in shares of Guidewire Software in the 4th quarter worth about $237,000. NewEdge Advisors LLC increased its holdings in shares of Guidewire Software by 179.0% in the 4th quarter. NewEdge Advisors LLC now owns 3,797 shares of the technology company's stock worth $640,000 after buying an additional 2,436 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Guidewire Software by 41.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 10,500 shares of the technology company's stock worth $1,770,000 after buying an additional 3,100 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Guidewire Software by 1.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 21,201 shares of the technology company's stock worth $3,569,000 after buying an additional 312 shares during the last quarter.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 799 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $211.61, for a total value of $169,076.39. Following the completion of the sale, the insider owned 36,642 shares of the company's stock, valued at approximately $7,753,813.62. This represents a 2.13% decrease in their position. 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 3,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $223.28, for a total transaction of $669,840.00. Following the completion of the sale, the president directly owned 143,489 shares of the company's stock, valued at $32,038,223.92. The trade was a 2.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,541 shares of company stock valued at $6,034,187. Company insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GWRE shares. Bank of America boosted their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, June 4th. The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. DA Davidson reaffirmed a "neutral" rating and set a $226.00 price target on shares of Guidewire Software in a research note on Wednesday, June 4th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $250.92.

Guidewire Software Trading Down 1.4%

Guidewire Software stock traded down $3.0650 during trading hours on Thursday, hitting $213.0850. The company had a trading volume of 493,560 shares, compared to its average volume of 963,664. The firm has a market cap of $17.94 billion, a P/E ratio of 532.71, a P/E/G ratio of 15.06 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. Guidewire Software, Inc. has a 1 year low of $142.94 and a 1 year high of $263.20. The company has a 50-day moving average price of $227.19 and a two-hundred day moving average price of $211.67.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.41. The company had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm's quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software 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.