Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,471 shares of the technology company's stock after buying an additional 1,389 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of Guidewire Software worth $11,543,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GWRE. Massachusetts Financial Services Co. MA increased its position in shares of Guidewire Software by 29.5% in 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 buying an additional 1,009,966 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after purchasing an additional 418,642 shares in the last quarter. Janus Henderson Group PLC increased its position in Guidewire Software by 242.2% during the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock worth $93,683,000 after purchasing an additional 393,445 shares in the last quarter. Rathbones Group PLC purchased a new stake in Guidewire Software during the 4th quarter worth about $58,118,000. Finally, Balyasny Asset Management L.P. increased its position in Guidewire Software by 877.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock worth $61,944,000 after purchasing an additional 329,863 shares in the last quarter.

Analyst Ratings Changes

GWRE has been the subject of a number of recent research reports. DA Davidson reiterated a "neutral" rating and set a $226.00 price objective on shares of Guidewire Software in a research report on Thursday. 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 research report on Friday, March 7th. JPMorgan Chase & Co. lifted 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. The Goldman Sachs Group lifted 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. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. One 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.42.

Guidewire Software Trading Down 0.7%

GWRE traded down $1.47 during midday trading on Thursday, hitting $209.37. The company's stock had a trading volume of 272,157 shares, compared to its average volume of 921,847. 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 firm has a market cap of $17.56 billion, a P/E ratio of 581.39, a PEG ratio of 37.21 and a beta of 1.18. The firm has a 50-day moving average price of $197.28 and a two-hundred day moving average price of $193.12. Guidewire Software, Inc. has a 52-week low of $107.65 and a 52-week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 net margin of 2.91% and a return on equity of 2.38%. On average, research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Activity

In other news, President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction dated Monday, March 3rd. The stock was 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 $35,028,955.98. The trade was a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider James Winston King sold 1,051 shares of Guidewire Software stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 32,371 shares of company stock valued at $6,210,967 in the last three months. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Company 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.