BlueCrest Capital Management Ltd purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,985 shares of the technology company’s stock, valued at approximately $755,000.

Other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. boosted its holdings in Guidewire Software by 2,270.8% in the second quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,476 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Guidewire Software by 424.4% in the first quarter. Tower Research Capital LLC TRC now owns 2,601 shares of the technology company’s stock valued at $146,000 after acquiring an additional 2,105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Guidewire Software by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock valued at $174,000 after acquiring an additional 283 shares during the last quarter. First Trust Advisors LP bought a new position in Guidewire Software in the second quarter valued at about $214,000. Finally, SG Americas Securities LLC boosted its holdings in Guidewire Software by 28.6% in the first quarter. SG Americas Securities LLC now owns 3,814 shares of the technology company’s stock valued at $215,000 after acquiring an additional 848 shares during the last quarter.

GWRE has been the topic of several recent research reports. KeyCorp reiterated a “buy” rating and issued a $75.00 price target on shares of Guidewire Software in a report on Friday, August 25th. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Wednesday, July 12th. Piper Jaffray Companies reiterated a “buy” rating and issued a $80.00 price target on shares of Guidewire Software in a report on Sunday, August 27th. Citigroup Inc. reiterated a “buy” rating and issued a $85.00 price target (up previously from $79.00) on shares of Guidewire Software in a report on Thursday, September 7th. Finally, Bank of America Corporation raised their price target on Guidewire Software from $74.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, September 7th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Guidewire Software currently has a consensus rating of “Buy” and an average price target of $80.67.

In related news, CFO Richard Hart sold 375 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $77.40, for a total transaction of $29,025.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott Roza sold 782 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $70.39, for a total value of $55,044.98. Following the sale, the insider now owns 1,383 shares in the company, valued at approximately $97,349.37. The disclosure for this sale can be found here. Insiders sold a total of 114,870 shares of company stock worth $8,727,708 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

Guidewire Software, Inc. (GWRE) opened at 78.30 on Friday. The firm’s 50-day moving average price is $77.49 and its 200-day moving average price is $68.88. Guidewire Software, Inc. has a one year low of $49.18 and a one year high of $81.46. The company has a market cap of $5.87 billion, a PE ratio of 279.64 and a beta of 1.22.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.20. Guidewire Software had a return on equity of 3.59% and a net margin of 4.13%. The firm had revenue of $181.10 million for the quarter, compared to analyst estimates of $168.61 million. During the same quarter in the previous year, the company posted $0.22 EPS. The business’s revenue was up 28.3% on a year-over-year basis. On average, equities research analysts forecast that Guidewire Software, Inc. will post $0.98 earnings per share for the current fiscal year.

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Guidewire Software Profile

Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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