Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC trimmed its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 428,711 shares of the technology company's stock after selling 77,284 shares during the period. Frontier Capital Management Co. LLC owned approximately 0.51% of Guidewire Software worth $72,272,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in Guidewire Software during the 4th quarter worth $25,000. Ossiam purchased a new stake in Guidewire Software during the 4th quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in 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 worth $34,000 after purchasing an additional 99 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Guidewire Software during the 4th quarter worth $34,000. Finally, R Squared Ltd acquired a new stake in Guidewire Software in the fourth quarter valued at approximately $47,000.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $212.42, for a total transaction of $297,388.00. Following the transaction, the chief executive officer now owns 273,330 shares in the company, valued at $58,060,758.60. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Winston King sold 1,051 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 44,613 shares in the company, valued at $8,450,148.33. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,371 shares of company stock worth $6,207,005. 0.48% of the stock is owned by company insiders.

Guidewire Software Stock Performance

NYSE GWRE traded up $1.24 during trading hours on Tuesday, reaching $215.22. The company's stock had a trading volume of 294,434 shares, compared to its average volume of 917,168. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $192.02 and a 200 day simple moving average of $191.88. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week high of $219.59. The stock has a market cap of $18.05 billion, a PE ratio of 597.83, a PEG ratio of 37.21 and a beta of 1.18.

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 analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. The Goldman Sachs Group upped their price objective 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 report on Friday, March 7th. Finally, 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 report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given 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 $206.08.

About Guidewire Software

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.