Aigen Investment Management LP Acquires New Stake in Guidewire Software, Inc. (NYSE:GWRE)

Aigen Investment Management LP bought a new position in shares of 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 institutional investor bought 3,021 shares of the technology company’s stock, valued at approximately $553,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Guidewire Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock valued at $949,430,000 after acquiring an additional 67,439 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Guidewire Software by 23.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock valued at $378,832,000 after purchasing an additional 516,942 shares during the last quarter. Linonia Partnership LP increased its holdings in shares of Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Whale Rock Capital Management LLC lifted its position in Guidewire Software by 23.4% during the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after buying an additional 240,622 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Guidewire Software by 1.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 630,335 shares of the technology company’s stock worth $73,566,000 after buying an additional 8,995 shares during the last quarter.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 23,379 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 287,662 shares in the company, valued at approximately $49,523,889.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Michael George Rosenbaum sold 23,379 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the transaction, the president now owns 190,611 shares in the company, valued at $35,773,872.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,601 shares of company stock valued at $9,050,448. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on GWRE. DA Davidson reiterated a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a report on Friday, September 6th. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 target price (up from $185.00) on shares of Guidewire Software in a research note on Friday, October 11th. BTIG Research increased their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company raised their price target on shares of Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.62.

Guidewire Software Price Performance

NYSE:GWRE opened at $196.24 on Thursday. The firm has a market capitalization of $16.39 billion, a PE ratio of -2,452.69, a price-to-earnings-growth ratio of 50.59 and a beta of 1.18. The business’s fifty day moving average price is $181.81 and its 200 day moving average price is $151.08. Guidewire Software, Inc. has a 12 month low of $94.52 and a 12 month high of $199.33.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $291.50 million for the quarter, compared to the consensus estimate 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 for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Guidewire Software 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.