Navellier & Associates Inc. Has $6.51 Million Stake in Guidewire Software, Inc. (NYSE:GWRE)

Navellier & Associates Inc. reduced its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 4.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 34,718 shares of the technology company's stock after selling 1,705 shares during the period. Guidewire Software accounts for about 0.9% of Navellier & Associates Inc.'s holdings, making the stock its 25th biggest holding. Navellier & Associates Inc.'s holdings in Guidewire Software were worth $6,505,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA increased its position in Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after acquiring an additional 1,009,966 shares during the period. Congress Asset Management Co. acquired a new position in Guidewire Software during the 1st quarter worth approximately $85,453,000. Arrowstreet Capital Limited Partnership increased its position in Guidewire Software by 79.4% during the 4th 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 increased its position 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 period. Finally, Rathbones Group PLC acquired a new position in Guidewire Software during the 4th quarter worth approximately $58,118,000.

Insider Activity

In other news, insider James Winston King sold 2,482 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $547,653.30. Following the sale, the insider directly owned 37,441 shares of the company's stock, valued at $8,261,356.65. This represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael C. Keller sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $237.53, for a total transaction of $237,530.00. Following the completion of the transaction, the director owned 10,410 shares in the company, valued at $2,472,687.30. This represents a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,342 shares of company stock valued at $4,843,857 over the last three months. 0.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GWRE shares. DA Davidson reiterated a "neutral" rating and set a $226.00 target price on shares of Guidewire Software in a research report on Wednesday, June 4th. JMP Securities boosted their target price on Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group boosted their target price on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. upped their price target on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $250.92.

Guidewire Software Stock Performance

Guidewire Software stock traded down $0.23 on Friday, reaching $223.53. 634,920 shares of the stock were exchanged, compared to its average volume of 704,357. The stock has a market cap of $18.82 billion, a PE ratio of 558.82, a PEG ratio of 19.84 and a beta of 1.16. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. Guidewire Software, Inc. has a twelve month low of $132.01 and a twelve month high of $263.20. The firm has a fifty day moving average price of $230.00 and a two-hundred day moving average price of $207.59.

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

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.