Claro Advisors LLC Makes New Investment in Guidewire Software, Inc. (NYSE:GWRE)

Claro Advisors LLC acquired a new position in Guidewire Software, Inc. (NYSE:GWRE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,671 shares of the technology company’s stock, valued at approximately $5,245,000.

A number of other hedge funds have also recently added to or reduced their stakes in GWRE. Wasatch Advisors LP lifted its holdings in Guidewire Software by 4.2% in the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after purchasing an additional 115,600 shares during the period. SG Americas Securities LLC acquired a new stake in Guidewire Software in the first quarter worth about $417,000. Cetera Investment Advisers lifted its holdings in Guidewire Software by 648.0% in the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after purchasing an additional 15,695 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Guidewire Software by 13.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 111,489 shares of the technology company’s stock worth $13,012,000 after acquiring an additional 13,163 shares in the last quarter. Finally, Sei Investments Co. raised its position in Guidewire Software by 8.1% in the first quarter. Sei Investments Co. now owns 400,284 shares of the technology company’s stock worth $46,717,000 after acquiring an additional 30,161 shares in the last quarter.

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now owns 137,821 shares of the company’s stock, valued at $20,539,463.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the transaction, the insider now directly owns 137,821 shares in the company, valued at $20,539,463.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Winston King sold 4,514 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the transaction, the insider now owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,251 shares of company stock valued at $8,797,080 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. Royal Bank of Canada boosted their price objective on Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Stifel Nicolaus lifted their target price on Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group lifted their target price on Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $178.62.

Guidewire Software Trading Down 0.2 %

Guidewire Software stock traded down $0.34 during trading hours on Friday, reaching $188.80. 66,201 shares of the company were exchanged, compared to its average volume of 695,522. The firm has a market cap of $15.61 billion, a price-to-earnings ratio of -1,454.92 and a beta of 1.19. The stock has a 50-day moving average of $165.63 and a 200 day moving average of $140.60. Guidewire Software, Inc. has a 12 month low of $85.15 and a 12 month high of $191.48.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $291.50 million during 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. As a group, research analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current 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.