Magnetar Financial LLC Purchases Shares of 5,333 Guidewire Software, Inc. (NYSE:GWRE)

Magnetar Financial LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 5,333 shares of the technology company’s stock, valued at approximately $899,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GWRE. GSA Capital Partners LLP acquired a new stake in Guidewire Software in the third quarter valued at $219,000. Oppenheimer & Co. Inc. acquired a new stake in Guidewire Software in the third quarter valued at $415,000. CIBC Asset Management Inc raised its stake in Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after buying an additional 87 shares in the last quarter. Pathstone Holdings LLC raised its stake in Guidewire Software by 7.6% during the 3rd quarter. Pathstone Holdings LLC now owns 26,184 shares of the technology company’s stock worth $4,790,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after acquiring an additional 679,558 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on GWRE shares. The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. JMP Securities reiterated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Royal Bank of Canada lifted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Robert W. Baird lifted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Stock Performance

Shares of GWRE opened at $191.84 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market capitalization of $16.09 billion, a P/E ratio of 532.89, a P/E/G ratio of 37.21 and a beta of 1.31. The company’s fifty day moving average is $197.47 and its two-hundred day moving average is $187.12. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59.

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

Insider Buying and Selling

In related news, President John P. Mullen sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $401,994.00. Following the sale, the president now owns 178,446 shares in the company, valued at $31,188,791.88. This represents a 1.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $244,692.00. Following the completion of the sale, the chief executive officer now owns 280,330 shares in the company, valued at approximately $48,996,077.40. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,780 shares of company stock valued at $6,886,553 over the last quarter. Company insiders own 0.48% of the company’s stock.

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.