Edgestream Partners L.P. Has $357,000 Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Edgestream Partners L.P. cut its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 91.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,590 shares of the technology company’s stock after selling 28,080 shares during the quarter. Edgestream Partners L.P.’s holdings in Guidewire Software were worth $357,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Alberta Investment Management Corp boosted its position in Guidewire Software by 11.1% during the 4th quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock worth $3,672,000 after acquiring an additional 3,355 shares during the last quarter. Teca Partners LP boosted its position in Guidewire Software by 31.1% during the 4th quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock worth $21,328,000 after acquiring an additional 46,453 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in Guidewire Software during the 4th quarter worth approximately $204,000. Wasatch Advisors LP boosted its position in Guidewire Software by 4.2% during the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after acquiring an additional 115,600 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Guidewire Software during the 1st quarter worth approximately $417,000.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of recent research reports. Royal Bank of Canada upped their price target on Guidewire Software from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. DA Davidson reiterated a “buy” rating and set a $168.00 price objective on shares of Guidewire Software in a research note on Friday, September 6th. Wells Fargo & Company upped their price objective on Guidewire Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, BTIG Research upped their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.69.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Jeffrey Elliott Cooper sold 4,956 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $172.70, for a total transaction of $855,901.20. Following the sale, the chief financial officer now directly owns 78,411 shares of the company’s stock, valued at approximately $13,541,579.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $8,984,892 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

Guidewire Software Trading Down 0.1 %

GWRE opened at $174.54 on Monday. Guidewire Software, Inc. has a 1-year low of $85.15 and a 1-year high of $176.00. The stock’s fifty day simple moving average is $151.15 and its 200 day simple moving average is $131.91. The stock has a market cap of $14.43 billion, a PE ratio of -1,342.62 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same period in the prior year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts forecast that Guidewire Software, Inc. will post 0.49 earnings per share for the current year.

Guidewire Software 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.