5,566 Shares in Guidewire Software, Inc. (NYSE:GWRE) Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,566 shares of the technology company’s stock, valued at approximately $938,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after buying an additional 1,009,966 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock valued at $159,503,000 after acquiring an additional 418,642 shares in the last quarter. Rathbones Group PLC bought a new stake in Guidewire Software during the 4th quarter valued at $58,118,000. Balyasny Asset Management L.P. boosted its position in Guidewire Software by 877.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock worth $61,944,000 after acquiring an additional 329,863 shares during the period. Finally, Artisan Partners Limited Partnership grew its stake in shares of Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock worth $237,323,000 after purchasing an additional 291,774 shares in the last quarter.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 6,116 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the transaction, the president now owns 166,330 shares in the company, valued at approximately $31,504,565.30. This trade represents a 3.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $208.36, for a total transaction of $291,704.00. Following the completion of the sale, the chief executive officer now owns 252,993 shares of the company’s stock, valued at $52,713,621.48. This represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,771 shares of company stock valued at $6,507,557. 0.48% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Robert W. Baird increased their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $213.41 on Thursday. The stock has a market cap of $17.90 billion, a PE ratio of 592.81, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month 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 business has a fifty day simple moving average of $190.98 and a 200-day simple moving average of $191.29.

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

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.