Natixis Invests $3.65 Million in Guidewire Software, Inc. (NYSE:GWRE)

Natixis bought a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,660 shares of the technology company's stock, valued at approximately $3,651,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ossiam purchased a new position in Guidewire Software in the fourth quarter valued at about $29,000. Forum Financial Management LP raised its position in shares of Guidewire Software by 31.6% during the 4th quarter. Forum Financial Management LP now owns 1,455 shares of the technology company's stock worth $245,000 after purchasing an additional 349 shares during the last quarter. GeoWealth Management LLC lifted its stake in Guidewire Software by 401.7% in the 4th quarter. GeoWealth Management LLC now owns 893 shares of the technology company's stock valued at $151,000 after buying an additional 715 shares in the last quarter. Commerce Bank grew its holdings in Guidewire Software by 225.9% during the 4th quarter. Commerce Bank now owns 22,845 shares of the technology company's stock valued at $3,851,000 after buying an additional 15,835 shares during the last quarter. Finally, Capital International Investors grew its holdings in Guidewire Software by 70.9% during the 4th quarter. Capital International Investors now owns 409,657 shares of the technology company's stock valued at $69,060,000 after buying an additional 169,985 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GWRE shares. Robert W. Baird upped their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group increased their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. One equities 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

Guidewire Software Trading Down 1.4 %

NYSE GWRE traded down $2.80 during trading hours on Friday, hitting $197.12. 799,546 shares of the company's stock were exchanged, compared to its average volume of 914,683. The business's 50 day moving average is $190.38 and its 200-day moving average is $190.27. Guidewire Software, Inc. has a 12-month low of $107.65 and a 12-month high of $219.59. The firm has a market capitalization of $16.53 billion, a P/E ratio of 547.56, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE - Get Free Report) last released 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 firm had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In related news, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $208.79, for a total transaction of $626,370.00. Following the sale, the president now directly owns 174,746 shares in the company, valued at approximately $36,485,217.34. This trade represents a 1.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $201.90, for a total value of $282,660.00. Following the sale, the chief executive officer now owns 277,530 shares of the company's stock, valued at approximately $56,033,307. This trade represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,771 shares of company stock worth $7,139,163. 0.48% of the stock is currently owned by company insiders.

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.