2,763 Shares in Guidewire Software, Inc. (NYSE:GWRE) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,763 shares of the technology company’s stock, valued at approximately $381,000.

Other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in Guidewire Software during the 2nd quarter worth about $31,000. ORG Partners LLC acquired a new position in Guidewire Software during the 1st quarter worth about $29,000. Transcendent Capital Group LLC acquired a new position in Guidewire Software during the 4th quarter worth about $27,000. DT Investment Partners LLC acquired a new position in Guidewire Software during the 2nd quarter worth about $41,000. Finally, Lynx Investment Advisory acquired a new position in Guidewire Software during the 2nd quarter worth about $41,000.

Guidewire Software Trading Up 0.7 %

NYSE:GWRE opened at $177.97 on Friday. Guidewire Software, Inc. has a 12-month low of $85.15 and a 12-month high of $179.13. The stock’s 50 day simple moving average is $154.66 and its 200-day simple moving average is $133.91. The firm has a market cap of $14.71 billion, a P/E ratio of -1,369.00 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same quarter in the prior year, the firm earned $0.30 EPS. Guidewire Software’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts forecast that Guidewire Software, Inc. will post 0.49 EPS for the current fiscal year.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 4,514 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the sale, the insider now owns 48,237 shares in the company, valued at approximately $8,328,600.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $139.12, for a total value of $187,812.00. Following the completion of the sale, the insider now owns 139,171 shares in the company, valued at $19,361,469.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Winston King sold 4,514 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the sale, the insider now owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,601 shares of company stock worth $8,984,892. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

GWRE has been the topic of a number of analyst reports. BTIG Research increased their price target on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Bank of America increased their price target on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research report on Wednesday, June 5th. JMP Securities increased their price target on Guidewire Software from $141.00 to $179.00 and gave the company a “market outperform” rating in a research report on Friday, September 6th. Finally, The Goldman Sachs Group increased their price target on Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $163.62.

Guidewire Software 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.