AGF Management Ltd. Makes New $3.19 Million Investment in Guidewire Software, Inc. (NYSE:GWRE)

AGF Management Ltd. purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 29,248 shares of the technology company's stock, valued at approximately $3,189,000.

A number of other hedge funds have also recently added to or reduced their stakes in GWRE. Gotham Asset Management LLC boosted its holdings in Guidewire Software by 253.3% during the third quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company's stock worth $1,126,000 after buying an additional 8,970 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Guidewire Software by 0.5% during the third quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company's stock worth $724,092,000 after acquiring an additional 38,954 shares in the last quarter. AQR Capital Management LLC grew its stake in Guidewire Software by 32.9% in the third quarter. AQR Capital Management LLC now owns 53,084 shares of the technology company's stock valued at $4,778,000 after acquiring an additional 13,136 shares during the period. Hsbc Holdings PLC raised its position in shares of Guidewire Software by 1,318.8% during the third 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 period. Finally, Lindbrook Capital LLC lifted its holdings in shares of Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company's stock valued at $46,000 after purchasing an additional 132 shares in the last quarter.

Guidewire Software Price Performance

Guidewire Software stock traded down $0.21 during trading hours on Monday, reaching $116.35. 282,223 shares of the stock were exchanged, compared to its average volume of 591,111. The stock has a 50 day moving average of $113.79 and a two-hundred day moving average of $108.85. The company has a market cap of $9.58 billion, a P/E ratio of -187.66 and a beta of 1.14. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. Guidewire Software, Inc. has a twelve month low of $68.45 and a twelve month high of $122.35.

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

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of research reports. Oppenheimer increased their target price on Guidewire Software from $115.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, February 22nd. Raymond James assumed coverage on Guidewire Software in a research report on Thursday, February 1st. They set an "outperform" rating and a $125.00 price target for the company. Robert W. Baird increased their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, March 7th. Finally, DA Davidson restated a "buy" rating and issued a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $115.11.

Insider Buying and Selling

In other news, insider John P. Mullen sold 1,350 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares of the company's stock, valued at $16,485,033.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider John P. Mullen sold 3,665 shares of the firm's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the company's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares in the company, valued at $16,485,033.45. The disclosure for this sale can be found here. Insiders have sold 9,435 shares of company stock worth $1,053,821 in the last 90 days. Insiders own 0.38% of the company's stock.

Guidewire Software 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.