18,400 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Tairen Capital Ltd

Tairen Capital Ltd bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,400 shares of the technology company's stock, valued at approximately $3,102,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ossiam purchased a new stake in shares of Guidewire Software in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Guidewire Software in the 4th quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of 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 during the last quarter. R Squared Ltd purchased a new position in shares of Guidewire Software during the fourth quarter worth about $47,000. Finally, Colonial Trust Co SC grew its holdings in shares of Guidewire Software by 176.0% during the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after purchasing an additional 183 shares in the last quarter.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $167.82, for a total value of $234,948.00. Following the completion of the transaction, the chief executive officer now owns 258,593 shares in the company, valued at approximately $43,397,077.26. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Winston King sold 1,051 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the sale, the insider now owns 44,613 shares in the company, valued at approximately $8,450,148.33. This trade represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,371 shares of company stock worth $6,210,967 over the last three months. Company insiders own 0.48% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. DA Davidson reissued a "neutral" rating and set a $226.00 price target on shares of Guidewire Software in a research note on Thursday. Robert W. Baird boosted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. The Goldman Sachs Group increased their target price on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $207.42.

Guidewire Software Trading Down 1.6%

Shares of GWRE traded down $3.27 during mid-day trading on Thursday, hitting $207.57. 1,176,615 shares of the company's stock traded hands, compared to its average volume of 925,293. The business's 50-day moving average price is $197.28 and its 200-day moving average price is $193.12. Guidewire Software, Inc. has a 1 year low of $107.65 and a 1 year high of $219.59. The firm has a market capitalization of $17.41 billion, a P/E ratio of 576.58, a PEG ratio of 37.21 and a beta of 1.18. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS 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.