Jacobs Levy Equity Management Inc. Increases Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Jacobs Levy Equity Management Inc. grew its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 7.6% during the third quarter, HoldingsChannel reports. The firm owned 764,400 shares of the technology company’s stock after buying an additional 53,967 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Guidewire Software were worth $139,839,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in shares of Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock worth $29,719,000 after acquiring an additional 126,806 shares during the last quarter. Chevy Chase Trust Holdings LLC bought a new position in shares of Guidewire Software in the third quarter valued at $343,000. Benjamin Edwards Inc. boosted its stake in Guidewire Software by 256.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,078 shares of the technology company’s stock valued at $380,000 after purchasing an additional 1,495 shares during the period. Atom Investors LP acquired a new position in Guidewire Software during the third quarter valued at approximately $388,000. Finally, Point72 Hong Kong Ltd bought a new stake in Guidewire Software during the 3rd quarter worth approximately $33,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GWRE shares. JMP Securities increased their price target on Guidewire Software from $200.00 to $231.00 and gave the stock a “market outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company lifted their price target on shares of Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. BTIG Research increased their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Robert W. Baird upped their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Citigroup boosted their price objective on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $186.08.

Guidewire Software Trading Down 1.0 %

Shares of Guidewire Software stock opened at $200.83 on Tuesday. The firm’s 50-day moving average price is $189.83 and its 200 day moving average price is $158.96. Guidewire Software, Inc. has a twelve month low of $95.02 and a twelve month high of $207.10. The firm has a market capitalization of $16.77 billion, a PE ratio of -2,510.06, a P/E/G ratio of 52.48 and a beta of 1.18.

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

Insider Activity at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction on Tuesday, September 17th. The shares were 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 of the company’s stock, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey Elliott Cooper sold 10,334 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $1,779,101.44. Following the completion of the transaction, the chief financial officer now directly owns 83,367 shares of the company’s stock, valued at $14,352,462.72. The trade was a 11.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is currently owned by corporate insiders.

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.