161,855 Shares in Guidewire Software, Inc. (NYSE:GWRE) Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 161,855 shares of the technology company’s stock, valued at approximately $22,318,000. Great Lakes Advisors LLC owned 0.20% of Guidewire Software as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GWRE. Allspring Global Investments Holdings LLC lifted its position in shares of Guidewire Software by 4.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after buying an additional 79 shares during the last quarter. Partners Capital Investment Group LLP boosted its stake in shares of Guidewire Software by 2.9% in the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000 after purchasing an additional 99 shares in the last quarter. CHICAGO TRUST Co NA boosted its stake in shares of Guidewire Software by 4.8% in the 2nd quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock valued at $392,000 after purchasing an additional 130 shares in the last quarter. Legacy Advisors LLC grew its holdings in shares of Guidewire Software by 1.6% during the 2nd quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock valued at $1,148,000 after purchasing an additional 135 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Guidewire Software by 8.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock worth $305,000 after purchasing an additional 165 shares in the last quarter.

Analyst Upgrades and Downgrades

GWRE has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Guidewire Software from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday. Oppenheimer upped their price objective on Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup lifted their target price on shares of Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. Stifel Nicolaus upped their price target on shares of Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company raised their price target on shares of Guidewire Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.38.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the transaction, the chief executive officer now directly owns 239,793 shares in the company, valued at approximately $32,261,750.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,582 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the transaction, the chief executive officer now owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeffrey Elliott Cooper sold 3,017 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $405,907.18. Following the sale, the chief financial officer now owns 63,479 shares in the company, valued at approximately $8,540,464.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,064 shares of company stock valued at $1,782,775. Company insiders own 0.38% of the company’s stock.

Guidewire Software Trading Up 12.4 %

Shares of Guidewire Software stock traded up $17.79 on Friday, reaching $161.72. The stock had a trading volume of 3,636,970 shares, compared to its average volume of 657,972. The business’s 50 day moving average is $144.64 and its two-hundred day moving average is $128.04. Guidewire Software, Inc. has a 1 year low of $83.91 and a 1 year high of $171.74. The company has a market cap of $13.37 billion, a P/E ratio of -1,243.92 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last posted its 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. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. On average, equities analysts anticipate that Guidewire Software, Inc. will post -0.31 EPS for the current fiscal year.

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.