Westerly Capital Management LLC Takes $7.33 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

Westerly Capital Management LLC bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the fourth quarter, HoldingsChannel reports. The fund bought 43,504 shares of the technology company’s stock, valued at approximately $7,334,000. Guidewire Software comprises about 3.4% of Westerly Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Guidewire Software by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock valued at $1,425,434,000 after buying an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Guidewire Software by 29.5% in the 4th 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 period. Artisan Partners Limited Partnership grew its holdings in 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 acquiring an additional 291,774 shares during the period. Geode Capital Management LLC raised its position in Guidewire Software by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock worth $226,701,000 after acquiring an additional 12,697 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Guidewire Software by 79.4% in the fourth 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 during the period.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $208.42, for a total value of $291,788.00. Following the transaction, the chief executive officer now directly owns 276,130 shares of the company’s stock, valued at approximately $57,551,014.60. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President John P. Mullen sold 6,116 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $1,158,431.56. Following the sale, the president now owns 166,330 shares of the company’s stock, valued at $31,504,565.30. The trade was a 3.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,371 shares of company stock valued at $6,856,503 in the last quarter. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Trading Up 2.8 %

Guidewire Software stock opened at $205.16 on Wednesday. The stock has a market cap of $17.21 billion, a PE ratio of 569.89, a P/E/G ratio of 37.21 and a beta of 1.19. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $190.02 and a 200 day moving average price of $190.47. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week high of $219.59.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to analysts’ expectations 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 fiscal year.

Wall Street Analyst Weigh In

GWRE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Robert W. Baird lifted 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. Finally, The Goldman Sachs Group upped their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

About Guidewire Software

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.