Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,921 shares of the technology company's stock after selling 17,977 shares during the period. Dimensional Fund Advisors LP owned 0.44% of Guidewire Software worth $62,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of GWRE. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software in the 4th quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after buying an additional 99 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $34,000. R Squared Ltd purchased a new position in shares of Guidewire Software during the fourth quarter worth approximately $47,000. Finally, Tobam purchased a new stake in Guidewire Software in the 4th quarter valued at $52,000.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 1,051 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $199,069.91. Following the sale, the insider now directly owns 44,613 shares in the company, valued at $8,450,148.33. This represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $198.22, for a total value of $277,508.00. Following the sale, the chief executive officer now directly owns 254,393 shares in the company, valued at approximately $50,425,780.46. The trade was a 0.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,371 shares of company stock valued at $6,215,853 in the last 90 days. 0.48% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on GWRE. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Robert W. Baird increased 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. The Goldman Sachs Group upped their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted 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. One research 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. According to MarketBeat, Guidewire Software presently has an average rating of "Moderate Buy" and an average price target of $206.08.

Guidewire Software Price Performance

GWRE traded up $0.90 on Monday, hitting $210.59. 355,702 shares of the company were exchanged, compared to its average volume of 914,738. Guidewire Software, Inc. has a fifty-two week low of $107.65 and a fifty-two week high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market capitalization of $17.66 billion, a P/E ratio of 584.97, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The business's fifty day moving average is $190.29 and its 200 day moving average is $190.84.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million during 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%. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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.