Linonia Partnership LP Acquires Shares of 1,742,158 Guidewire Software, Inc. (NYSE:GWRE)

Linonia Partnership LP acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,742,158 shares of the technology company's stock, valued at approximately $189,965,000. Guidewire Software comprises about 25.1% of Linonia Partnership LP's portfolio, making the stock its biggest position. Linonia Partnership LP owned about 2.13% of Guidewire Software as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Gotham Asset Management LLC increased its stake in Guidewire Software by 253.3% in the 3rd quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company's stock valued at $1,126,000 after buying an additional 8,970 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Guidewire Software by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company's stock worth $724,092,000 after purchasing an additional 38,954 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Guidewire Software by 32.9% during the 3rd quarter. AQR Capital Management LLC now owns 53,084 shares of the technology company's stock worth $4,778,000 after purchasing an additional 13,136 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Guidewire Software by 1,318.8% during the 3rd quarter. Hsbc Holdings PLC now owns 42,677 shares of the technology company's stock worth $3,880,000 after purchasing an additional 39,669 shares during the last quarter. Finally, Yarbrough Capital LLC increased its stake in shares of Guidewire Software by 56.3% during the 4th quarter. Yarbrough Capital LLC now owns 7,519 shares of the technology company's stock worth $820,000 after purchasing an additional 2,709 shares during the last quarter.

Guidewire Software Trading Down 0.5 %

Guidewire Software stock traded down $0.63 during mid-day trading on Monday, reaching $114.91. 435,491 shares of the company traded hands, compared to its average volume of 659,110. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45. The firm's 50 day moving average price is $116.07 and its 200 day moving average price is $104.72. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of -185.34 and a beta of 1.15. Guidewire Software, Inc. has a 52-week low of $68.45 and a 52-week high of $122.35.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.22. The firm had revenue of $240.90 million for the quarter, compared to the consensus estimate of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. On average, analysts anticipate that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, insider James Winston King sold 1,075 shares of the business's stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $110.77, for a total transaction of $119,077.75. Following the completion of the sale, the insider now directly owns 45,410 shares in the company, valued at $5,030,065.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Jeffrey Elliott Cooper sold 458 shares of the company's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.10, for a total transaction of $51,341.80. Following the sale, the chief financial officer now owns 72,386 shares of the company's stock, valued at $8,114,470.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James Winston King sold 1,075 shares of the company's stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $110.77, for a total transaction of $119,077.75. Following the sale, the insider now directly owns 45,410 shares in the company, valued at approximately $5,030,065.70. The disclosure for this sale can be found here. Insiders sold 9,618 shares of company stock valued at $1,073,918 over the last three months. Insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of recent research reports. Raymond James initiated coverage on shares of Guidewire Software in a report on Thursday, February 1st. They issued an "outperform" rating and a $125.00 price objective for the company. Oppenheimer upped their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, February 22nd. Robert W. Baird upped their price target on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, March 7th. Wells Fargo & Company upgraded shares of Guidewire Software from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, December 20th. Finally, DA Davidson restated a "buy" rating and issued a $126.00 price target on shares of Guidewire Software in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.11.

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.

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