Landscape Capital Management L.L.C. Lowers Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Landscape Capital Management L.L.C. reduced its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 25.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,582 shares of the technology company’s stock after selling 1,554 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Guidewire Software were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Guidewire Software by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock valued at $1,425,434,000 after acquiring an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after purchasing an additional 1,009,966 shares during the period. Artisan Partners Limited Partnership increased its position in Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock worth $237,323,000 after purchasing an additional 291,774 shares during the last quarter. Geode Capital Management LLC raised its stake in Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock worth $226,701,000 after purchasing an additional 12,697 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock valued at $159,503,000 after purchasing an additional 418,642 shares during the last quarter.

Guidewire Software Stock Down 5.3 %

Shares of NYSE:GWRE opened at $174.35 on Friday. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 484.30, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a 50 day moving average of $198.84 and a two-hundred day moving average of $189.19. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. As a group, analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird increased their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $206.08.

Insider Buying and Selling

In related news, President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total value of $432,285.00. Following the completion of the sale, the president now owns 164,030 shares in the company, valued at approximately $30,829,438.50. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey Elliott Cooper sold 300 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $52,434.00. Following the transaction, the chief financial officer now owns 73,494 shares in the company, valued at $12,845,281.32. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,880 shares of company stock worth $7,850,222. 0.48% of the stock is currently owned by corporate insiders.

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.