Scalar Gauge Management LLC Invests $169,000 in Guidewire Software, Inc. (NYSE:GWRE)

Scalar Gauge Management LLC acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the technology company’s stock, valued at approximately $169,000. Guidewire Software makes up about 0.1% of Scalar Gauge Management LLC’s holdings, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of GWRE. O Shaughnessy Asset Management LLC increased its stake in Guidewire Software by 10.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,548 shares of the technology company’s stock worth $935,000 after purchasing an additional 533 shares during the period. California Public Employees Retirement System grew its holdings in shares of Guidewire Software by 2.0% in the fourth quarter. California Public Employees Retirement System now owns 386,246 shares of the technology company’s stock valued at $65,113,000 after purchasing an additional 7,467 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock worth $159,503,000 after buying an additional 418,642 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Guidewire Software by 1.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 21,518 shares of the technology company’s stock worth $3,628,000 after buying an additional 216 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in Guidewire Software by 4.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 10,902 shares of the technology company’s stock valued at $1,838,000 after buying an additional 459 shares during the period.

Insider Activity at Guidewire Software

In other news, insider James Winston King sold 270 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the transaction, the insider now owns 45,664 shares of the company’s stock, valued at approximately $7,981,153.92. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $244,692.00. Following the sale, the chief executive officer now directly owns 280,330 shares of the company’s stock, valued at approximately $48,996,077.40. This represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,180 shares of company stock worth $7,159,763 in the last 90 days. 0.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GWRE shares. DA Davidson reaffirmed a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Robert W. Baird increased their price target on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Oppenheimer upped their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Stock Performance

NYSE GWRE opened at $187.54 on Monday. The company has a fifty day moving average of $199.36 and a two-hundred day moving average of $188.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a market capitalization of $15.73 billion, a PE ratio of 520.95, a P/E/G ratio of 37.21 and a beta of 1.31.

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