Route One Investment Company L.P. Buys 69,250 Shares of Guidewire Software, Inc. (NYSE:GWRE)
Route One Investment Company L.P. increased its position in Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,865,580 shares of the technology company’s stock after buying an additional 69,250 shares during the period. Guidewire Software accounts for approximately 7.7% of Route One Investment Company L.P.’s investment portfolio, making the stock its 5th biggest holding. Route One Investment Company L.P. owned about 3.52% of Guidewire Software worth $218,013,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board bought a new stake in shares of Guidewire Software during the first quarter valued at approximately $323,000. US Bancorp DE grew its holdings in shares of Guidewire Software by 14.8% during the first quarter. US Bancorp DE now owns 20,995 shares of the technology company’s stock valued at $1,723,000 after buying an additional 2,700 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Guidewire Software by 10.9% in the 1st quarter. M&T Bank Corp now owns 7,307 shares of the technology company’s stock worth $600,000 after acquiring an additional 716 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Guidewire Software by 3.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 232,541 shares of the technology company’s stock valued at $19,080,000 after acquiring an additional 8,697 shares in the last quarter. Finally, FIL Ltd lifted its position in Guidewire Software by 2.2% in the 1st quarter. FIL Ltd now owns 1,014,489 shares of the technology company’s stock valued at $83,239,000 after acquiring an additional 22,077 shares in the last quarter. 98.28% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on GWRE. TheStreet raised Guidewire Software from a “d” rating to a “c-” rating in a research note on Thursday, September 7th. StockNews.com started coverage on Guidewire Software in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Oppenheimer upped their target price on shares of Guidewire Software from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group raised their price target on shares of Guidewire Software from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Robert W. Baird raised shares of Guidewire Software from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $96.00 to $117.00 in a research report on Tuesday, November 14th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $101.20.
Guidewire Software Stock Down 1.7 %
Guidewire Software stock opened at $96.24 on Tuesday. The firm has a 50 day moving average price of $93.10 and a 200-day moving average price of $85.19. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.33. Guidewire Software, Inc. has a twelve month low of $59.28 and a twelve month high of $102.41. The company has a market capitalization of $7.88 billion, a P/E ratio of -113.22 and a beta of 1.16.
Insider Activity at Guidewire Software
In other Guidewire Software news, insider John P. Mullen sold 5,740 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $91.77, for a total value of $526,759.80. Following the sale, the insider now directly owns 157,692 shares in the company, valued at $14,471,394.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, COO Priscilla Hung sold 11,540 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $91.77, for a total value of $1,059,025.80. Following the completion of the transaction, the chief operating officer now directly owns 57,516 shares of the company’s stock, valued at approximately $5,278,243.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John P. Mullen sold 5,740 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $91.77, for a total value of $526,759.80. Following the sale, the insider now owns 157,692 shares in the company, valued at approximately $14,471,394.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,622 shares of company stock worth $5,339,902. Insiders own 0.38% of the company’s stock.
Guidewire Software Company Profile (Free Report)
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.
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