Arrowstreet Capital Limited Partnership Acquires 418,642 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Arrowstreet Capital Limited Partnership grew its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 79.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 946,158 shares of the technology company’s stock after acquiring an additional 418,642 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Guidewire Software were worth $159,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software during the 4th quarter valued at $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software during the third quarter valued at about $33,000. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software during the fourth quarter worth about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. grew 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 last quarter. Finally, R Squared Ltd acquired a new position in shares of Guidewire Software in the fourth quarter valued at approximately $47,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. DA Davidson reissued a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Royal Bank of Canada boosted their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Robert W. Baird raised their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. The Goldman Sachs Group upped their price target on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Price Performance

Shares of GWRE opened at $187.54 on Monday. The firm has a market cap of $15.73 billion, a PE ratio of 520.95, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The business’s 50 day moving average price is $199.36 and its two-hundred day moving average price is $188.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

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

Insider Activity

In other Guidewire Software news, insider James Winston King sold 270 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares of the company’s stock, valued at approximately $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 300 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $52,434.00. Following the sale, the chief financial officer now directly owns 73,494 shares of the company’s stock, valued at approximately $12,845,281.32. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,180 shares of company stock worth $7,159,763 in the last three months. Company 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.