Blueshift Asset Management LLC Invests $288,000 in Guidewire Software, Inc. (NYSE:GWRE)

Blueshift Asset Management LLC purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 1,573 shares of the technology company’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GWRE. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after acquiring an additional 60 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Guidewire Software by 4.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after purchasing an additional 79 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Guidewire Software by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after purchasing an additional 87 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Guidewire Software by 1.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock valued at $1,252,000 after purchasing an additional 116 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its position in shares of Guidewire Software by 4.8% in the 2nd quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock valued at $392,000 after purchasing an additional 130 shares in the last quarter.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $201.88 on Friday. The firm has a market capitalization of $16.86 billion, a PE ratio of -2,523.18, a P/E/G ratio of 52.54 and a beta of 1.18. Guidewire Software, Inc. has a 1-year low of $95.02 and a 1-year high of $207.10. The business’s fifty day moving average price is $188.18 and its two-hundred day moving average price is $156.97.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GWRE. Citigroup lifted their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. DA Davidson reaffirmed a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a research report on Friday, September 6th. Wells Fargo & Company lifted their price target on Guidewire Software from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price objective on Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $186.08.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 4,514 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the transaction, the insider now directly owns 48,237 shares in the company, valued at $8,328,600.42. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,601 shares of company stock worth $9,116,179. Company insiders own 0.48% of the company’s stock.

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.