Teca Partners LP Grows Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Teca Partners LP boosted its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,296 shares of the technology company's stock after buying an additional 29,460 shares during the period. Guidewire Software accounts for approximately 17.6% of Teca Partners LP's investment portfolio, making the stock its largest holding. Teca Partners LP owned 0.20% of Guidewire Software worth $27,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after purchasing an additional 1,009,966 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Guidewire Software by 79.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after acquiring an additional 418,642 shares during the period. Rathbones Group PLC bought a new stake in Guidewire Software in the fourth quarter worth about $58,118,000. Artisan Partners Limited Partnership boosted its position in shares of Guidewire Software by 26.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after purchasing an additional 291,774 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Guidewire Software by 1,951.9% in the 4th quarter. Renaissance Technologies LLC now owns 264,700 shares of the technology company's stock worth $44,623,000 after purchasing an additional 251,800 shares during the last quarter.

Analyst Ratings Changes

GWRE has been the subject of several research reports. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Robert W. Baird increased their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group increased their price target on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $206.08.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $167.82, for a total value of $234,948.00. Following the sale, the chief executive officer now directly owns 258,593 shares in the company, valued at $43,397,077.26. This represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 700 shares of Guidewire Software stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $210.00, for a total value of $147,000.00. Following the sale, the president now owns 177,746 shares of the company's stock, valued at approximately $37,326,660. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,071 shares of company stock worth $7,020,947. Insiders own 0.48% of the company's stock.

Guidewire Software Trading Up 3.8 %

GWRE traded up $6.88 during trading on Tuesday, reaching $190.12. 252,206 shares of the stock traded hands, compared to its average volume of 1,146,991. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock's 50-day moving average is $191.90 and its 200 day moving average is $189.93. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The stock has a market capitalization of $15.95 billion, a PE ratio of 528.10, a P/E/G ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Equities analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

About Guidewire Software

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.