Janus Henderson Group PLC Boosts Stake in Guidewire Software, Inc. (NYSE:GWRE)

Janus Henderson Group PLC increased its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 242.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 555,892 shares of the technology company's stock after buying an additional 393,445 shares during the quarter. Janus Henderson Group PLC owned 0.67% of Guidewire Software worth $93,683,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Guidewire Software by 29.5% during the fourth 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. Artisan Partners Limited Partnership increased its position in Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock worth $237,323,000 after buying an additional 291,774 shares during the last quarter. Geode Capital Management LLC increased its position in Guidewire Software by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock worth $226,701,000 after buying an additional 12,697 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after buying an additional 418,642 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Robert W. Baird lifted their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. The Goldman Sachs Group lifted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $206.08.

Guidewire Software Price Performance

NYSE:GWRE traded up $1.38 during trading hours on Friday, hitting $216.55. 582,623 shares of the company's stock traded hands, compared to its average volume of 921,215. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week high of $219.59. The business's fifty day simple moving average is $194.35 and its two-hundred day simple moving average is $192.37. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market cap of $18.16 billion, a P/E ratio of 601.53, a P/E/G ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly 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 net margin of 2.91% and a return on equity of 2.38%. The business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. On average, research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In other news, insider James Winston King sold 1,051 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $199,069.91. Following the completion of the sale, the insider now owns 44,613 shares of the company's stock, valued at approximately $8,450,148.33. This represents a 2.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President John P. Mullen sold 6,116 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the transaction, the president now directly owns 166,330 shares in the company, valued at approximately $31,504,565.30. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,371 shares of company stock worth $6,207,005. 0.48% of the stock is currently owned by corporate insiders.

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.