Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 38.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,421 shares of the technology company’s stock after selling 5,356 shares during the quarter. Teza Capital Management LLC’s holdings in Guidewire Software were worth $1,420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GWRE. 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 worth $1,425,434,000 after purchasing an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in 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 worth $747,968,000 after purchasing an additional 1,009,966 shares during the last quarter. Stockbridge Partners LLC grew its position in Guidewire Software by 8.3% in the 4th quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company’s stock worth $451,602,000 after purchasing an additional 205,382 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Guidewire Software by 26.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock worth $237,323,000 after purchasing an additional 291,774 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Guidewire Software by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock worth $226,701,000 after purchasing an additional 12,697 shares during the last quarter.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 1,051 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $199,069.91. Following the completion of the sale, the insider now owns 44,613 shares in the company, valued at approximately $8,450,148.33. This represents a 2.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $212.42, for a total transaction of $297,388.00. Following the completion of the sale, the chief executive officer now owns 273,330 shares of the company’s stock, valued at approximately $58,060,758.60. This trade represents a 0.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,371 shares of company stock worth $6,207,005. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Trading Up 0.6%

Shares of NYSE:GWRE opened at $216.55 on Monday. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 601.53, a PEG ratio of 37.21 and a beta of 1.18. 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 quick ratio of 2.66 and a current ratio of 2.66. The company has a 50 day moving average price of $195.22 and a 200 day moving average price of $192.64.

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 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%. On average, research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. The Goldman Sachs Group increased 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 increased their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.