Engineers Gate Manager LP Makes New $22.58 Million Investment in Guidewire Software, Inc. $GWRE

Engineers Gate Manager LP acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 95,904 shares of the technology company’s stock, valued at approximately $22,581,000. Engineers Gate Manager LP owned about 0.11% of Guidewire Software at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advisors Asset Management Inc. purchased a new position in Guidewire Software in the first quarter valued at about $25,000. Quarry LP purchased a new stake in Guidewire Software during the 1st quarter worth approximately $28,000. Rise Advisors LLC acquired a new position in shares of Guidewire Software in the 1st quarter valued at approximately $31,000. Westside Investment Management Inc. acquired a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $32,000. Finally, Brooklyn Investment Group boosted its stake in shares of Guidewire Software by 38.3% during the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company’s stock valued at $42,000 after buying an additional 62 shares during the last quarter.

Analyst Ratings Changes

GWRE has been the subject of a number of research analyst reports. DA Davidson restated a “neutral” rating and issued a $250.00 price target on shares of Guidewire Software in a research note on Monday, December 1st. Raymond James Financial reissued an “outperform” rating and set a $275.00 price objective (up from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Oppenheimer upped their target price on shares of Guidewire Software from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $272.92.

Guidewire Software Trading Up 0.3%

Guidewire Software stock opened at $205.13 on Friday. The firm’s 50-day moving average is $225.34 and its 200-day moving average is $228.61. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. Guidewire Software, Inc. has a 1 year low of $165.08 and a 1 year high of $272.60. The company has a market cap of $17.44 billion, a P/E ratio of 195.36, a PEG ratio of 13.40 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The business had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. On average, equities analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at Guidewire Software

In other news, insider James Winston King sold 7,162 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $248.82, for a total transaction of $1,782,048.84. Following the sale, the insider directly owned 38,615 shares in the company, valued at approximately $9,608,184.30. This represents a 15.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 14,103 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total value of $3,425,195.61. Following the transaction, the chief financial officer owned 84,646 shares of the company’s stock, valued at $20,557,974.02. This represents a 14.28% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 112,342 shares of company stock valued at $27,043,386. 0.46% of the stock is owned by insiders.

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.