DRW Securities LLC Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

DRW Securities LLC acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,877 shares of the technology company’s stock, valued at approximately $892,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in shares of Guidewire Software during the 2nd quarter valued at $31,000. Assetmark Inc. raised its position in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period. Lynx Investment Advisory purchased a new position in Guidewire Software in the 2nd quarter worth $41,000. DT Investment Partners LLC purchased a new position in Guidewire Software in the 2nd quarter worth $41,000. Finally, Canada Pension Plan Investment Board purchased a new position in Guidewire Software in the 2nd quarter worth $55,000.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 23,379 shares of the business’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 of the company’s stock, valued at $49,523,889.92. The trade was a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeffrey Elliott Cooper sold 10,334 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 transaction of $1,779,101.44. Following the sale, the chief financial officer now directly owns 83,367 shares in the company, valued at $14,352,462.72. The trade was a 11.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,601 shares of company stock valued at $9,116,179. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Trading Up 0.1 %

Shares of GWRE opened at $202.98 on Tuesday. The firm’s 50-day moving average price is $186.96 and its 200-day moving average price is $156.04. The firm has a market capitalization of $16.95 billion, a price-to-earnings ratio of -2,537.25, a PEG ratio of 52.47 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.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $291.50 million for the quarter, compared to analyst estimates 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 for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, research analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GWRE shares. JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. JMP Securities lifted their target price on shares of Guidewire Software from $200.00 to $231.00 and gave the stock a “market outperform” rating in a research report on Monday. BTIG Research lifted their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Oppenheimer lifted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Robert W. Baird lifted their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $186.08.

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.