Guidewire Software, Inc. (NYSE:GWRE) Stock Position Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 13.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 194,751 shares of the technology company’s stock after acquiring an additional 23,166 shares during the period. Russell Investments Group Ltd.’s holdings in Guidewire Software were worth $32,832,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Guidewire Software by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock valued at $1,425,434,000 after acquiring an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after purchasing an additional 1,009,966 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Guidewire Software by 26.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock valued at $237,323,000 after purchasing an additional 291,774 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Guidewire Software by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock worth $226,701,000 after purchasing an additional 12,697 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Guidewire Software by 79.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock worth $159,503,000 after buying an additional 418,642 shares during the last quarter.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total transaction of $432,285.00. Following the sale, the president now directly owns 164,030 shares of the company’s stock, valued at approximately $30,829,438.50. The trade was a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $167.82, for a total value of $234,948.00. Following the completion of the transaction, the chief executive officer now directly owns 258,593 shares of the company’s stock, valued at approximately $43,397,077.26. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,280 shares of company stock worth $8,085,170. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. The Goldman Sachs Group upped their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Stock Performance

NYSE GWRE opened at $175.08 on Tuesday. The company’s fifty day moving average is $198.29 and its two-hundred day moving average is $189.31. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 486.34, a P/E/G ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Equities research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS 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.