Intech Investment Management LLC Invests $4.76 Million in Guidewire Software, Inc. (NYSE:GWRE)

Intech Investment Management LLC bought a new position in Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 28,225 shares of the technology company’s stock, valued at approximately $4,758,000.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in Guidewire Software in the 4th quarter worth about $25,000. Assetmark Inc. boosted its stake in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new position in Guidewire Software in the 3rd quarter worth about $33,000. Cullen Frost Bankers Inc. bought a new position in Guidewire Software in the 4th quarter worth about $34,000. Finally, Brooklyn Investment Group bought a new position in Guidewire Software in the 3rd quarter worth about $42,000.

Wall Street Analyst Weigh In

GWRE has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Robert W. Baird raised their price target on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, March 7th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group raised their price target on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $206.08.

Insiders Place Their Bets

In other Guidewire Software news, insider James Winston King sold 794 shares of Guidewire Software stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $174.43, for a total value of $138,497.42. Following the transaction, the insider now directly owns 45,934 shares of the company’s stock, valued at $8,012,267.62. The trade was a 1.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the transaction, the chief executive officer now directly owns 274,730 shares in the company, valued at $58,979,036.40. This trade represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,470 shares of company stock valued at $5,454,567 in the last ninety days. Company insiders own 0.48% of the company’s stock.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $191.30 on Wednesday. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of 531.39, a P/E/G ratio of 37.21 and a beta of 1.31. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The stock’s 50-day moving average is $196.12 and its 200 day moving average is $186.71.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

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.