Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in Guidewire Software, Inc. (NYSE:GWRE) by 40.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,647,776 shares of the technology company’s stock after selling 1,101,882 shares during the quarter. Wellington Management Group LLP owned 1.96% of Guidewire Software worth $277,782,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its position in shares of Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock valued at $159,503,000 after purchasing an additional 418,642 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock valued at $237,323,000 after buying an additional 291,774 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Guidewire Software in the third quarter valued at $26,501,000. Janus Henderson Group PLC raised its stake in Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock valued at $29,719,000 after buying an additional 126,806 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Guidewire Software by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock worth $1,425,434,000 after buying an additional 90,618 shares during the last quarter.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $190.40 on Wednesday. The stock’s 50-day moving average price is $199.71 and its 200 day moving average price is $189.07. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $15.97 billion, a PE ratio of 528.89, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 300 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $52,434.00. Following the completion of the transaction, the chief financial officer now owns 73,494 shares in the company, valued at approximately $12,845,281.32. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $184.41, for a total transaction of $258,174.00. Following the sale, the chief executive officer now owns 259,993 shares in the company, valued at $47,945,309.13. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,580 shares of company stock worth $7,417,937. Company insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GWRE. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. JMP Securities reissued a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Robert W. Baird upped 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. Wells Fargo & Company increased their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. One equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

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.