Malaga Cove Capital LLC Increases Stake in Guidewire Software, Inc. (NYSE:GWRE)

Malaga Cove Capital LLC boosted its position in Guidewire Software, Inc. (NYSE:GWRE) by 4.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,531 shares of the technology company’s stock after acquiring an additional 100 shares during the period. Malaga Cove Capital LLC’s holdings in Guidewire Software were worth $427,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GWRE. Atomi Financial Group Inc. lifted its stake in shares of Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after buying an additional 488 shares in the last quarter. Donoghue Forlines LLC bought a new stake in Guidewire Software during the 4th quarter valued at $2,110,000. GDS Wealth Management lifted its position in shares of Guidewire Software by 618.5% during the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after acquiring an additional 16,142 shares in the last quarter. Banco Santander S.A. bought a new position in shares of Guidewire Software in the fourth quarter worth $427,000. Finally, MGO One Seven LLC purchased a new position in shares of Guidewire Software in the fourth quarter valued at $222,000.

Insider Buying and Selling

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total value of $467,199.00. Following the completion of the sale, the president now owns 172,446 shares in the company, valued at approximately $35,028,955.98. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $167.82, for a total value of $234,948.00. Following the completion of the sale, the chief executive officer now owns 258,593 shares in the company, valued at approximately $43,397,077.26. This represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,371 shares of company stock valued at $6,207,005 over the last three months. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of analyst reports. 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 research report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Robert W. Baird lifted their price target on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Stock Performance

Guidewire Software stock opened at $214.50 on Wednesday. The firm has a fifty day simple moving average of $192.58 and a two-hundred day simple moving average of $192.04. Guidewire Software, Inc. has a twelve month low of $107.65 and a twelve month high of $219.59. The company has a market capitalization of $17.99 billion, a PE ratio of 595.83, a P/E/G ratio of 37.21 and a beta of 1.18. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last issued 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 company 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%. Research analysts expect that Guidewire Software, Inc. will post 0.52 EPS 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.