Wasatch Advisors LP Sells 576,188 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Wasatch Advisors LP lowered its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,377,008 shares of the technology company's stock after selling 576,188 shares during the quarter. Wasatch Advisors LP owned approximately 1.65% of Guidewire Software worth $232,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Guidewire Software during the fourth quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after purchasing an additional 99 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Guidewire Software in the fourth quarter valued at $34,000. R Squared Ltd acquired a new stake in shares of Guidewire Software in the fourth quarter valued at $47,000. Finally, Tobam purchased a new position in shares of Guidewire Software in the fourth quarter worth approximately $52,000.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, President John P. Mullen sold 3,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $208.79, for a total value of $626,370.00. Following the completion of the sale, the president now owns 174,746 shares in the company, valued at $36,485,217.34. This represents a 1.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $179.91, for a total value of $251,874.00. Following the completion of the sale, the chief executive officer now directly owns 278,930 shares in the company, valued at approximately $50,182,296.30. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,471 shares of company stock valued at $7,272,821. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Stock Down 3.7 %

Guidewire Software stock traded down $7.00 during mid-day trading on Monday, hitting $184.33. The company had a trading volume of 107,010 shares, compared to its average volume of 906,121. The business has a fifty day moving average of $192.54 and a 200 day moving average of $189.93. Guidewire Software, Inc. has a 1 year low of $107.52 and a 1 year high of $219.59. 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 has a market cap of $15.46 billion, a price-to-earnings ratio of 512.03, a PEG ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. On average, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal 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.