Brown Advisory Inc. Has $69.60 Million Stake in Guidewire Software, Inc. (NYSE:GWRE)

Brown Advisory Inc. grew its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 638,258 shares of the technology company's stock after purchasing an additional 162,438 shares during the period. Brown Advisory Inc. owned about 0.78% of Guidewire Software worth $69,596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GWRE. Greenwich Wealth Management LLC raised its position in Guidewire Software by 0.3% in the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company's stock valued at $4,051,000 after purchasing an additional 101 shares during the last quarter. Lindbrook Capital LLC boosted its position in Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company's stock worth $46,000 after buying an additional 132 shares during the period. Parkside Financial Bank & Trust boosted its position in Guidewire Software by 8.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company's stock worth $197,000 after buying an additional 142 shares during the period. CWM LLC grew its holdings in Guidewire Software by 18.4% during the 4th quarter. CWM LLC now owns 1,154 shares of the technology company's stock worth $126,000 after acquiring an additional 179 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its position in Guidewire Software by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 6,383 shares of the technology company's stock valued at $696,000 after acquiring an additional 186 shares during the period.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several analyst reports. Robert W. Baird boosted 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. 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 objective for the company. Oppenheimer upped their target price on Guidewire Software from $115.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Finally, DA Davidson restated a "buy" rating and set a $126.00 price target on shares of Guidewire Software in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Guidewire Software presently has an average rating of "Moderate Buy" and an average target price of $115.11.

Guidewire Software Trading Up 1.0 %

Shares of NYSE:GWRE traded up $1.23 during mid-day trading on Friday, hitting $122.92. The company had a trading volume of 295,023 shares, compared to its average volume of 422,386. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45. Guidewire Software, Inc. has a one year low of $68.45 and a one year high of $123.98. The firm has a fifty day moving average price of $114.26 and a 200 day moving average price of $109.66. The company has a market capitalization of $10.12 billion, a PE ratio of -198.26 and a beta of 1.14.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $240.90 million during 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%. As a group, research analysts forecast that Guidewire Software, Inc. will post -0.42 EPS for the current year.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 3,665 shares of the business's stock in a transaction that occurred on 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 sale, the insider now owns 149,397 shares in the company, valued at $16,695,114.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Michael George Rosenbaum sold 4,420 shares of the company's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the sale, the chief executive officer now owns 245,375 shares in the company, valued at approximately $27,420,656.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now owns 149,397 shares of the company's stock, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,435 shares of company stock worth $1,053,821. Corporate insiders own 0.38% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.