1,798 Shares in Guidewire Software, Inc. (NYSE:GWRE) Bought by Claro Advisors LLC

Claro Advisors LLC bought a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,798 shares of the technology company’s stock, valued at approximately $329,000.

Several other institutional investors and hedge funds have also bought and sold shares of GWRE. Assetmark Inc. lifted its stake in shares of 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. Rothschild Investment LLC bought a new position in Guidewire Software in the second quarter worth approximately $31,000. DT Investment Partners LLC purchased a new position in shares of Guidewire Software during the 2nd quarter worth $41,000. Lynx Investment Advisory purchased a new position in shares of Guidewire Software during the 2nd quarter worth $41,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after acquiring an additional 60 shares during the period.

Analysts Set New Price Targets

Several research firms recently weighed in on GWRE. DA Davidson reiterated a “buy” rating and set a $168.00 target price on shares of Guidewire Software in a research report on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. Oppenheimer reissued an “outperform” rating and issued a $200.00 target price (up from $185.00) on shares of Guidewire Software in a report on Friday, October 11th. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, BTIG Research upped their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $178.62.

Insider Transactions at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 6,718 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,156,570.88. Following the completion of the sale, the insider now directly owns 160,099 shares in the company, valued at approximately $27,562,643.84. This trade represents a 4.03 % decrease in their ownership of the stock. 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 business’s stock in a transaction dated 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 sale, the chief executive officer now owns 287,662 shares in the company, valued at $49,523,889.92. The trade was a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,251 shares of company stock valued at $8,849,257 in the last 90 days. Insiders own 0.48% of the company’s stock.

Guidewire Software Stock Up 0.9 %

Shares of GWRE stock opened at $194.00 on Tuesday. The stock has a market cap of $16.20 billion, a P/E ratio of -2,424.70, a PEG ratio of 49.72 and a beta of 1.18. Guidewire Software, Inc. has a 52 week low of $95.02 and a 52 week high of $199.33. The company’s fifty day simple moving average is $183.97 and its two-hundred day simple moving average is $153.09.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 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 firm had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. During the same period in the previous year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts anticipate that Guidewire Software, Inc. will post 0.53 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.