Two Sigma Advisers LP Boosts Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Two Sigma Advisers LP raised its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1,829.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 104,200 shares of the technology company's stock after acquiring an additional 98,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.12% of Guidewire Software worth $17,566,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GWRE. Ossiam acquired a new position in Guidewire Software in the 4th quarter valued at approximately $29,000. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software in the 4th quarter valued at approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Guidewire Software by 101.0% in 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 period. R Squared Ltd acquired a new position in Guidewire Software in the 4th quarter valued at approximately $47,000. Finally, Colonial Trust Co SC increased its position in Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after acquiring an additional 183 shares during the period.

Insider Buying and Selling

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total value of $467,199.00. Following the transaction, the president now directly owns 172,446 shares of the company's stock, valued at approximately $35,028,955.98. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $167.82, for a total transaction of $234,948.00. Following the completion of the transaction, the chief executive officer now directly owns 258,593 shares in the company, valued at $43,397,077.26. This trade represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,371 shares of company stock valued at $6,210,967 over the last ninety days. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GWRE. The Goldman Sachs Group upped their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Robert W. Baird upped their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, DA Davidson lowered shares of Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 price objective on the stock. in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.42.

Guidewire Software Stock Up 0.8%

NYSE GWRE traded up $1.75 on Friday, hitting $209.75. 988,750 shares of the company were exchanged, compared to its average volume of 932,080. The company has a market cap of $17.59 billion, a PE ratio of 582.63, a PEG ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The stock has a fifty day moving average of $197.97 and a 200-day moving average of $193.44. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million for 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, analysts forecast 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.