Creative Planning Raises Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Creative Planning raised its stake in Guidewire Software, Inc. (NYSE:GWRE) by 26.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,211 shares of the technology company’s stock after buying an additional 2,731 shares during the quarter. Creative Planning’s holdings in Guidewire Software were worth $1,822,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GWRE. Transcendent Capital Group LLC purchased a new stake in Guidewire Software in the 4th quarter valued at $27,000. ORG Partners LLC purchased a new stake in Guidewire Software in the 1st quarter valued at $29,000. Rothschild Investment LLC purchased a new stake in Guidewire Software in the 2nd quarter valued at $31,000. Lynx Investment Advisory purchased a new stake in Guidewire Software in the 2nd quarter valued at $41,000. Finally, DT Investment Partners LLC purchased a new stake in Guidewire Software in the 2nd quarter valued at $41,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company upped their target price on Guidewire Software from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. BTIG Research upped their price target on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Citigroup upped their price target on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group upped their price target on Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $170.92.

Guidewire Software Price Performance

GWRE stock opened at $182.17 on Tuesday. The firm has a market capitalization of $15.06 billion, a P/E ratio of -1,401.31 and a beta of 1.19. The business’s 50-day moving average is $159.00 and its two-hundred day moving average is $136.95. Guidewire Software, Inc. has a 1 year low of $85.15 and a 1 year high of $184.96.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. Guidewire Software’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. On average, analysts expect that Guidewire Software, Inc. will post 0.49 EPS for the current year.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction dated 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 owns 287,662 shares in the company, valued at approximately $49,523,889.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction dated 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 owns 287,662 shares in the company, valued at approximately $49,523,889.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James Winston King sold 4,514 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the transaction, the insider now owns 48,237 shares in the company, valued at approximately $8,328,600.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $8,984,892 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

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.