Dynamic Technology Lab Private Ltd Acquires New Shares in Guidewire Software, Inc. (NYSE:GWRE)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the third quarter, according to its most recent filing with the SEC. The fund acquired 3,131 shares of the technology company’s stock, valued at approximately $573,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GWRE. Massachusetts Financial Services Co. MA grew its position in Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after buying an additional 679,558 shares in the last quarter. Linonia Partnership LP grew its position in Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after buying an additional 185,077 shares in the last quarter. Sei Investments Co. grew its position in Guidewire Software by 1.3% during the second quarter. Sei Investments Co. now owns 405,519 shares of the technology company’s stock worth $55,917,000 after buying an additional 5,235 shares in the last quarter. AQR Capital Management LLC grew its position in Guidewire Software by 65.7% during the second quarter. AQR Capital Management LLC now owns 291,907 shares of the technology company’s stock worth $40,251,000 after buying an additional 115,757 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Guidewire Software by 18,001.5% during the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after buying an additional 256,702 shares in the last quarter.

Insiders Place Their Bets

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 10,334 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,779,101.44. Following the completion of the sale, the chief financial officer now owns 83,367 shares in the company, valued at approximately $14,352,462.72. This trade represents a 11.03 % 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 23,379 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This trade represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,601 shares of company stock worth $9,116,179. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Price Performance

GWRE opened at $202.87 on Friday. The stock’s 50 day simple moving average is $188.72 and its 200 day simple moving average is $157.29. Guidewire Software, Inc. has a 1 year low of $95.02 and a 1 year high of $207.10. The firm has a market cap of $16.94 billion, a price-to-earnings ratio of -2,535.88, a PEG ratio of 52.22 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same period last year, the company earned $0.30 EPS. Guidewire Software’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. DA Davidson restated a “buy” rating and set a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. Citigroup boosted their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Stifel Nicolaus boosted their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. BTIG Research upped their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $186.08.

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.