230,773 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Woodline Partners LP

Woodline Partners LP acquired a new position in Guidewire Software, Inc. (NYSE:GWREGet Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 230,773 shares of the technology company’s stock, valued at approximately $21,836,000. Woodline Partners LP owned about 0.28% of Guidewire Software as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GWRE. UMB Bank N A MO bought a new stake in Guidewire Software in the 4th quarter worth approximately $25,000. Psagot Value Holdings Ltd. Israel bought a new stake in shares of Guidewire Software during the 4th quarter valued at $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Guidewire Software during the 1st quarter valued at $31,000. Benjamin Edwards Inc. grew its position in shares of Guidewire Software by 9,075.0% during the 1st quarter. Benjamin Edwards Inc. now owns 367 shares of the technology company’s stock valued at $35,000 after acquiring an additional 363 shares during the period. Finally, Allworth Financial LP grew its position in shares of Guidewire Software by 2,038.9% during the 1st quarter. Allworth Financial LP now owns 385 shares of the technology company’s stock valued at $36,000 after acquiring an additional 367 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Guidewire Software news, Director Marcus Ryu acquired 1,000 shares of the company’s stock in a transaction dated Thursday, June 16th. The shares were purchased at an average cost of $70.81 per share, for a total transaction of $70,810.00. Following the completion of the purchase, the director now owns 4,539 shares in the company, valued at $321,406.59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Guidewire Software news, Director Marcus Ryu acquired 1,000 shares of the company’s stock in a transaction dated Thursday, June 16th. The shares were purchased at an average cost of $70.81 per share, for a total transaction of $70,810.00. Following the completion of the purchase, the director now owns 4,539 shares in the company, valued at $321,406.59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew William Fraser Brown sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $74.14, for a total transaction of $296,560.00. Following the transaction, the director now owns 2,524 shares in the company, valued at $187,129.36. The disclosure for this sale can be found here. Insiders have sold 15,898 shares of company stock worth $1,157,541 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Guidewire Software Stock Up 2.4 %

Guidewire Software stock opened at $69.48 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.45 and a quick ratio of 4.45. The company’s 50-day moving average is $74.85 and its 200 day moving average is $80.89. Guidewire Software, Inc. has a 1-year low of $64.30 and a 1-year high of $128.98.

Guidewire Software (NYSE:GWREGet Rating) last issued its earnings results on Tuesday, September 6th. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $244.60 million for the quarter, compared to the consensus estimate of $229.63 million. Guidewire Software had a negative net margin of 22.20% and a negative return on equity of 10.02%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. Equities research analysts anticipate that Guidewire Software, Inc. will post -1.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

GWRE has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of Guidewire Software from $75.00 to $65.00 and set an “underweight” rating for the company in a research report on Wednesday, September 7th. Oppenheimer reaffirmed an “initiates” rating on shares of Guidewire Software in a report on Wednesday, July 27th. Citigroup dropped their target price on shares of Guidewire Software from $89.00 to $88.00 and set a “neutral” rating for the company in a report on Wednesday, June 8th. DA Davidson decreased their price target on shares of Guidewire Software from $114.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, August 30th. Finally, Robert W. Baird decreased their price target on shares of Guidewire Software from $99.00 to $81.00 and set a “neutral” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $94.50.

About Guidewire Software

(Get Rating)

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter 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.

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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