Driehaus Capital Management LLC Sells 9,340 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Driehaus Capital Management LLC lessened its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,333 shares of the technology company’s stock after selling 9,340 shares during the quarter. Driehaus Capital Management LLC owned 0.13% of Guidewire Software worth $18,600,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the completion of the sale, the chief executive officer now owns 274,730 shares in the company, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President John P. Mullen sold 2,300 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the completion of the transaction, the president now directly owns 172,446 shares in the company, valued at $35,028,955.98. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,771 shares of company stock valued at $6,507,557 in the last three months. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Stock Up 0.2 %

Shares of NYSE:GWRE opened at $213.61 on Friday. Guidewire Software, Inc. has a 1 year low of $107.65 and a 1 year high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The business’s 50-day moving average is $191.33 and its 200-day moving average is $191.46. The company has a market capitalization of $17.92 billion, a price-to-earnings ratio of 593.37, a P/E/G ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last posted its quarterly 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 business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

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.