Harbor Investment Advisory LLC Grows Stake in Guidewire Software, Inc. (NYSE:GWRE)

Harbor Investment Advisory LLC raised its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 347.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,071 shares of the technology company's stock after acquiring an additional 2,384 shares during the period. Harbor Investment Advisory LLC's holdings in Guidewire Software were worth $575,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its position in shares of Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after purchasing an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership increased its stake 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 purchasing an additional 418,642 shares during the period. Janus Henderson Group PLC lifted its holdings in Guidewire Software by 242.2% during the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock worth $93,683,000 after purchasing an additional 393,445 shares during the last quarter. Rathbones Group PLC bought a new stake in Guidewire Software in the 4th quarter valued at $58,118,000. Finally, Balyasny Asset Management L.P. grew its holdings in Guidewire Software by 877.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock valued at $61,944,000 after buying an additional 329,863 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on GWRE shares. DA Davidson reaffirmed a "neutral" rating and issued a $226.00 price target on shares of Guidewire Software in a research note on Wednesday. Oppenheimer boosted their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research report on Wednesday. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Wednesday. Raymond James lifted their price objective on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and a consensus target price of $247.00.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $170.04, for a total value of $238,056.00. Following the transaction, the chief executive officer now directly owns 269,130 shares of the company's stock, valued at approximately $45,762,865.20. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President John P. Mullen sold 6,116 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $1,158,431.56. Following the transaction, the president now owns 166,330 shares of the company's stock, valued at approximately $31,504,565.30. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,671 shares of company stock worth $5,471,104. Insiders own 0.48% of the company's stock.

Guidewire Software Trading Up 0.8%

Shares of NYSE GWRE traded up $1.95 during midday trading on Thursday, hitting $255.93. 1,584,664 shares of the company traded hands, compared to its average volume of 952,666. The firm has a market cap of $21.47 billion, a P/E ratio of 710.92, a P/E/G ratio of 37.21 and a beta of 1.18. The stock has a 50-day moving average price of $201.77 and a 200 day moving average price of $194.70. Guidewire Software, Inc. has a 12-month low of $117.69 and a 12-month high of $263.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results 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 firm had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The business's revenue was up 22.0% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share. As a group, analysts expect 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.