Duality Advisers LP Lowers Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Duality Advisers LP trimmed its position in Guidewire Software, Inc. (NYSE:GWRE) by 58.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,454 shares of the technology company’s stock after selling 6,286 shares during the quarter. Duality Advisers LP’s holdings in Guidewire Software were worth $486,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new stake in shares of Guidewire Software in the 3rd quarter worth $25,000. RiverPark Advisors LLC purchased a new stake in shares of Guidewire Software in the 4th quarter worth $27,000. CENTRAL TRUST Co purchased a new stake in shares of Guidewire Software in the 3rd quarter worth $29,000. Castleview Partners LLC purchased a new stake in shares of Guidewire Software in the 3rd quarter worth $40,000. Finally, Lindbrook Capital LLC lifted its holdings in shares of Guidewire Software by 45.7% in the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after buying an additional 132 shares during the period.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James assumed coverage on Guidewire Software in a research report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price target for the company. DA Davidson reissued a “buy” rating and issued a $126.00 price target on shares of Guidewire Software in a research report on Tuesday, March 5th. Robert W. Baird boosted their price target on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, Oppenheimer boosted their price target on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.11.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the transaction, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider John P. Mullen sold 3,665 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the sale, the insider now directly owns 149,397 shares of the company’s stock, valued at $16,695,114.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the sale, the chief executive officer now directly owns 245,375 shares in the company, valued at $27,420,656.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,435 shares of company stock valued at $1,053,821. Company insiders own 0.38% of the company’s stock.

Guidewire Software Trading Down 1.4 %

Shares of NYSE:GWRE opened at $111.95 on Friday. The business’s 50-day moving average is $115.06 and its 200 day moving average is $106.46. Guidewire Software, Inc. has a 1 year low of $68.45 and a 1 year high of $122.35. The firm has a market capitalization of $9.22 billion, a P/E ratio of -180.56 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The business had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. On average, research analysts predict that Guidewire Software, Inc. will post -0.42 earnings per share 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.