Creative Planning Acquires 2,120 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Creative Planning increased its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 16.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,331 shares of the technology company’s stock after acquiring an additional 2,120 shares during the period. Creative Planning’s holdings in Guidewire Software were worth $2,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Guidewire Software by 23.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after buying an additional 516,942 shares during the last quarter. Whale Rock Capital Management LLC boosted its position in Guidewire Software by 23.4% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after buying an additional 240,622 shares during the period. Teca Partners LP bought a new stake in shares of Guidewire Software during the 2nd quarter valued at about $25,893,000. Linonia Partnership LP boosted its stake in shares of Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Guidewire Software by 121.0% during the 1st quarter. Clearbridge Investments LLC now owns 295,595 shares of the technology company’s stock valued at $34,499,000 after purchasing an additional 161,856 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Stifel Nicolaus boosted their price objective on shares of Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Oppenheimer reiterated an “outperform” rating and issued a $200.00 price target (up from $185.00) on shares of Guidewire Software in a research report on Friday, October 11th. Finally, Robert W. Baird upped their price target on shares of Guidewire Software from $175.00 to $204.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.62.

Guidewire Software Price Performance

GWRE stock opened at $187.11 on Friday. The business has a 50 day simple moving average of $170.57 and a 200-day simple moving average of $143.82. The firm has a market capitalization of $15.54 billion, a PE ratio of -2,338.58, a price-to-earnings-growth ratio of 48.42 and a beta of 1.19. Guidewire Software, Inc. has a 1 year low of $85.15 and a 1 year high of $191.48.

Guidewire Software (NYSE:GWRE) last released 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 1.29% and a negative net margin of 0.62%. The firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts expect that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $187.68, for a total transaction of $253,368.00. Following the transaction, the president now owns 190,611 shares of the company’s stock, valued at approximately $35,773,872.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider John P. Mullen sold 6,718 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $1,156,570.88. Following the completion of the sale, the insider now owns 160,099 shares in the company, valued at $27,562,643.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the sale, the president now owns 190,611 shares of the company’s stock, valued at approximately $35,773,872.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $9,050,448 over the last quarter. 0.38% of the stock is owned by insiders.

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.