2,460 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,460 shares of the technology company’s stock, valued at approximately $450,000.

A number of other hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in Guidewire Software during the second quarter worth about $31,000. Assetmark Inc. boosted its position in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of Guidewire Software during the second quarter worth about $41,000. DT Investment Partners LLC bought a new position in shares of Guidewire Software in the second quarter worth approximately $41,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Guidewire Software in the second quarter valued at approximately $55,000.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the sale, the president now owns 189,261 shares of the company’s stock, valued at $37,420,684.92. This represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $4,024,928.64. Following the sale, the chief executive officer now owns 287,662 shares in the company, valued at $49,523,889.92. This represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GWRE shares. BTIG Research raised their price objective on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company raised their price target on Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. DA Davidson reiterated a “buy” rating and issued a $168.00 price objective on shares of Guidewire Software in a report on Friday, September 6th. Citigroup raised their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.69.

Guidewire Software Price Performance

NYSE:GWRE opened at $202.82 on Monday. The stock has a 50-day simple moving average of $186.35 and a two-hundred day simple moving average of $155.43. Guidewire Software, Inc. has a 52-week low of $95.02 and a 52-week high of $202.99.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. As a group, equities analysts predict that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

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.