Alpha DNA Investment Management LLC Boosts Stake in Guidewire Software, Inc. (NYSE:GWRE)

Alpha DNA Investment Management LLC grew its stake in Guidewire Software, Inc. (NYSE:GWRE) by 15.8% during the fourth quarter, HoldingsChannel reports. The fund owned 2,848 shares of the technology company’s stock after acquiring an additional 388 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Guidewire Software were worth $480,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock worth $747,968,000 after purchasing an additional 1,009,966 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock worth $159,503,000 after purchasing an additional 418,642 shares in the last quarter. Rathbones Group PLC purchased a new position in Guidewire Software during the 4th quarter worth $58,118,000. Artisan Partners Limited Partnership increased its position in Guidewire Software by 26.1% during 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 buying an additional 291,774 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Guidewire Software by 1,951.9% in the fourth quarter. Renaissance Technologies LLC now owns 264,700 shares of the technology company’s stock valued at $44,623,000 after buying an additional 251,800 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on GWRE. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Robert W. Baird boosted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, April 14th. The shares were sold at an average price of $194.90, for a total value of $272,860.00. Following the sale, the chief executive officer now owns 257,193 shares of the company’s stock, valued at approximately $50,126,915.70. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President John P. Mullen sold 2,300 shares of the business’s stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 37,471 shares of company stock worth $7,272,821 in the last ninety days. Company insiders own 0.48% of the company’s stock.

Guidewire Software Trading Down 0.5 %

Guidewire Software stock opened at $191.18 on Friday. The firm has a market cap of $16.04 billion, a PE ratio of 531.06, a P/E/G ratio of 37.21 and a beta of 1.19. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The stock’s 50 day simple moving average is $192.54 and its two-hundred day simple moving average is $189.82. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

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