Claro Advisors LLC Buys New Shares in Guidewire Software, Inc. (NYSE:GWRE)

Claro Advisors LLC purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the third quarter, HoldingsChannel reports. The fund purchased 1,798 shares of the technology company’s stock, valued at approximately $329,000.

Other large investors have also added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in shares of Guidewire Software in the second quarter worth $31,000. Assetmark Inc. boosted its holdings in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares during the last quarter. Lynx Investment Advisory acquired a new stake in Guidewire Software during the 2nd quarter worth about $41,000. DT Investment Partners LLC purchased a new position in shares of Guidewire Software during the 2nd quarter valued at about $41,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Guidewire Software in the 2nd quarter valued at about $55,000.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the completion of the sale, the president now directly owns 190,611 shares in the company, valued at $35,773,872.48. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,251 shares of company stock valued at $8,849,257. 0.48% of the stock is owned by company insiders.

Guidewire Software Trading Up 0.9 %

NYSE:GWRE opened at $194.00 on Tuesday. Guidewire Software, Inc. has a twelve month low of $95.02 and a twelve month high of $199.33. The company has a market cap of $16.20 billion, a P/E ratio of -2,424.70, a P/E/G ratio of 49.72 and a beta of 1.18. The company’s 50-day moving average price is $183.97 and its 200-day moving average price is $153.09.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company raised their target price on Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. JMP Securities lifted their target price on shares of Guidewire Software from $179.00 to $200.00 and gave the company a “market outperform” rating in a report on Friday, October 11th. Citigroup increased their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Royal Bank of Canada lifted their price objective on shares of Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Finally, Stifel Nicolaus raised their target price on Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One investment 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, the company currently has an average rating of “Moderate Buy” and an average target price of $178.62.

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.