Woodline Partners LP Has $505,000 Stake in Guidewire Software, Inc. (NYSE:GWRE)

Woodline Partners LP decreased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 89.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,995 shares of the technology company's stock after selling 24,832 shares during the period. Woodline Partners LP's holdings in Guidewire Software were worth $505,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Guidewire Software by 1.1% during 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 during the period. Massachusetts Financial Services Co. MA boosted its stake 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 purchasing an additional 1,009,966 shares during the period. Stockbridge Partners LLC boosted its stake 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 purchasing an additional 205,382 shares during the period. Artisan Partners Limited Partnership boosted its stake 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 purchasing an additional 291,774 shares during the period. Finally, Geode Capital Management LLC boosted its stake 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 purchasing an additional 12,697 shares during the period.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several recent analyst reports. DA Davidson downgraded Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 target price for the company. in a research note on Thursday, May 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Robert W. Baird raised their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group raised their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and an average target price of $207.42.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $212.02, for a total transaction of $296,828.00. Following the sale, the chief executive officer now owns 248,793 shares of the company's stock, valued at $52,749,091.86. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President John P. Mullen sold 2,300 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total value of $467,199.00. Following the sale, the president now directly owns 172,446 shares in the company, valued at $35,028,955.98. This represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,371 shares of company stock worth $6,222,685. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Trading Up 1.1%

Shares of Guidewire Software stock traded up $2.29 during trading on Thursday, reaching $211.03. 729,693 shares of the company were exchanged, compared to its average volume of 933,720. 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, Inc. has a twelve month low of $107.65 and a twelve month high of $219.59. The business has a 50-day moving average price of $198.89 and a 200-day moving average price of $193.75. The firm has a market capitalization of $17.70 billion, a price-to-earnings ratio of 586.19, a P/E/G ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Sell-side analysts anticipate 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.