Westerly Capital Management LLC Invests $7.33 Million in Guidewire Software, Inc. (NYSE:GWRE)

Westerly Capital Management LLC acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 43,504 shares of the technology company's stock, valued at approximately $7,334,000. Guidewire Software makes up about 3.4% of Westerly Capital Management LLC's holdings, making the stock its 11th largest position. Westerly Capital Management LLC owned 0.05% of Guidewire Software at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Guidewire Software during the fourth quarter valued at about $25,000. Ossiam purchased a new stake in shares of Guidewire Software during the fourth quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares during the period. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software in the 4th quarter worth approximately $34,000. Finally, R Squared Ltd bought a new position in Guidewire Software in the 4th quarter worth approximately $47,000.

Guidewire Software Trading Up 2.4 %

Shares of NYSE GWRE traded up $5.00 during trading hours on Friday, hitting $209.61. 381,410 shares of the company traded hands, compared to its average volume of 914,265. The company's 50 day moving average price is $190.29 and its 200 day moving average price is $190.83. 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 $17.58 billion, a price-to-earnings ratio of 582.25, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GWRE shares. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Robert W. Baird raised their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. One investment 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.com, Guidewire Software has an average rating of "Moderate Buy" and a consensus target price of $206.08.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $208.42, for a total value of $291,788.00. Following the transaction, the chief executive officer now owns 276,130 shares of the company's stock, valued at $57,551,014.60. This trade represents a 0.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Winston King sold 1,051 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the sale, the insider now directly owns 44,613 shares of the company's stock, valued at approximately $8,450,148.33. This trade represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,771 shares of company stock valued at $7,134,011 over the last 90 days. Insiders own 0.48% 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.