8,209 Shares in Guidewire Software, Inc. (NYSE:GWRE) Bought by Chartwell Investment Partners LLC

Chartwell Investment Partners 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 and Exchange Commission (SEC). The institutional investor bought 8,209 shares of the technology company’s stock, valued at approximately $1,502,000.

A number of other institutional investors have also added to or reduced their stakes in GWRE. Rothschild Investment LLC purchased a new stake in Guidewire Software in the second quarter worth about $31,000. Assetmark Inc. raised its holdings 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 acquiring an additional 145 shares during the last quarter. Lynx Investment Advisory purchased a new position in Guidewire Software in the 2nd quarter worth approximately $41,000. DT Investment Partners LLC bought a new position in shares of Guidewire Software during the 2nd quarter valued at $41,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Guidewire Software during the 2nd quarter valued at $55,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their price objective on Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Oppenheimer reiterated an “outperform” rating and issued a $200.00 price target (up previously from $185.00) on shares of Guidewire Software in a research note on Friday, October 11th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group increased their price target on 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 increased their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $178.62.

Guidewire Software Trading Down 0.1 %

NYSE GWRE opened at $195.49 on Wednesday. Guidewire Software, Inc. has a 12-month low of $90.50 and a 12-month high of $196.93. The firm’s fifty day simple moving average is $180.83 and its two-hundred day simple moving average is $150.76. The firm has a market capitalization of $16.33 billion, a P/E ratio of -2,443.56, a P/E/G ratio of 50.42 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. The business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the transaction, the president now owns 190,611 shares of the company’s stock, valued at approximately $35,773,872.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Guidewire Software news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the transaction, the president now owns 190,611 shares of the company’s stock, valued at approximately $35,773,872.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John P. Mullen sold 6,718 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $1,156,570.88. Following the completion of the transaction, the insider now directly owns 160,099 shares of the company’s stock, valued at $27,562,643.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,601 shares of company stock valued at $9,050,448. Corporate insiders own 0.38% of the company’s stock.

Guidewire Software 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.