Perpetual Ltd Purchases 1,236 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Perpetual Ltd increased its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 43.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,056 shares of the technology company's stock after purchasing an additional 1,236 shares during the period. Perpetual Ltd's holdings in Guidewire Software were worth $760,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Guidewire Software by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock valued at $1,425,434,000 after purchasing an additional 90,618 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Guidewire Software by 29.5% during 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 buying an additional 1,009,966 shares during the period. Stockbridge Partners LLC boosted its position in Guidewire Software by 8.3% during the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock valued at $451,602,000 after buying an additional 205,382 shares during the period. Artisan Partners Limited Partnership boosted its position in Guidewire Software by 26.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after buying an additional 291,774 shares during the period. Finally, Geode Capital Management LLC boosted its position in Guidewire Software by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock valued at $226,701,000 after buying an additional 12,697 shares during the period.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $256.50, for a total transaction of $359,100.00. Following the completion of the transaction, the chief executive officer directly owned 245,993 shares of the company's stock, valued at $63,097,204.50. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 15,860 shares of company stock worth $3,420,954. Company insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on GWRE. Citigroup increased their price target on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. DA Davidson reissued a "neutral" rating and set a $226.00 price target on shares of Guidewire Software in a research report on Wednesday, June 4th. Robert W. Baird increased their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Oppenheimer increased their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of "Moderate Buy" and an average price target of $248.31.

Guidewire Software Trading Down 1.7%

Shares of NYSE:GWRE traded down $4.08 on Tuesday, hitting $231.37. The company had a trading volume of 878,972 shares, compared to its average volume of 962,811. Guidewire Software, Inc. has a 1 year low of $132.01 and a 1 year high of $263.20. The firm has a market capitalization of $19.48 billion, a price-to-earnings ratio of 578.43, a P/E/G ratio of 20.88 and a beta of 1.16. The firm's 50-day simple moving average is $224.11 and its two-hundred day simple moving average is $201.56. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) 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 company had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. During the same period last year, the company posted $0.26 EPS. Guidewire Software's revenue was up 22.0% on a year-over-year basis. Equities analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal 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.