Guidewire Software, Inc. (NYSE:GWRE) Holdings Lifted by Stockbridge Partners LLC

Stockbridge Partners LLC boosted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,678,857 shares of the technology company’s stock after purchasing an additional 205,382 shares during the period. Guidewire Software comprises approximately 9.6% of Stockbridge Partners LLC’s holdings, making the stock its 3rd largest holding. Stockbridge Partners LLC owned about 3.21% of Guidewire Software worth $451,602,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GWRE. SurgoCap Partners LP grew its holdings in shares of Guidewire Software by 18.0% during the 4th quarter. SurgoCap Partners LP now owns 810,942 shares of the technology company’s stock worth $136,709,000 after acquiring an additional 123,656 shares during the period. Sculptor Capital LP purchased a new position in shares of Guidewire Software during the 4th quarter worth approximately $22,674,000. Point72 Asset Management L.P. grew its holdings in shares of Guidewire Software by 27.9% during the 4th quarter. Point72 Asset Management L.P. now owns 185,304 shares of the technology company’s stock worth $31,239,000 after acquiring an additional 40,443 shares during the period. Point72 Hong Kong Ltd grew its stake in shares of Guidewire Software by 11,292.2% in the 4th quarter. Point72 Hong Kong Ltd now owns 20,506 shares of the technology company’s stock worth $3,457,000 after buying an additional 20,326 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Guidewire Software by 175.1% during the 4th quarter. Quantinno Capital Management LP now owns 10,364 shares of the technology company’s stock valued at $1,747,000 after buying an additional 6,596 shares in the last quarter.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $208.36, for a total value of $291,704.00. Following the transaction, the chief executive officer now directly owns 252,993 shares of the company’s stock, valued at approximately $52,713,621.48. This trade represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Winston King sold 1,051 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $199,069.91. Following the completion of the transaction, the insider now directly owns 44,613 shares in the company, valued at approximately $8,450,148.33. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,371 shares of company stock valued at $6,207,005 in the last ninety days. 0.48% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on GWRE. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. The Goldman Sachs Group raised their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, Robert W. Baird raised their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Stock Performance

GWRE stock opened at $216.55 on Friday. The stock’s 50 day simple moving average is $195.22 and its 200 day simple moving average is $192.59. The stock has a market capitalization of $18.16 billion, a PE ratio of 601.53, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12-month low of $107.65 and a 12-month high of $219.59.

Guidewire Software (NYSE:GWRE) last released its quarterly 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 firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, research analysts forecast that Guidewire Software, Inc. will post 0.52 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.