Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Bullseye Asset Management LLC

Bullseye Asset Management LLC lessened its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,532 shares of the technology company’s stock after selling 430 shares during the period. Guidewire Software makes up approximately 2.8% of Bullseye Asset Management LLC’s portfolio, making the stock its 10th biggest holding. Bullseye Asset Management LLC’s holdings in Guidewire Software were worth $5,990,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake 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 worth $747,968,000 after purchasing an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership grew 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 period. Rathbones Group PLC acquired a new position in Guidewire Software during the fourth quarter worth about $58,118,000. Artisan Partners Limited Partnership increased its holdings in Guidewire Software by 26.1% in the fourth 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 lifted its position in shares of Guidewire Software by 1,951.9% during the 4th quarter. Renaissance Technologies LLC now owns 264,700 shares of the technology company’s stock valued at $44,623,000 after acquiring an additional 251,800 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have commented on GWRE shares. The Goldman Sachs Group boosted 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. boosted their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Robert W. Baird raised their target price 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 report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, January 27th. The shares were sold at an average price of $201.90, for a total value of $282,660.00. Following the completion of the sale, the chief executive officer now owns 277,530 shares in the company, valued at approximately $56,033,307. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael C. Keller sold 1,848 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $185.03, for a total transaction of $341,935.44. Following the completion of the sale, the director now directly owns 12,270 shares in the company, valued at $2,270,318.10. This represents a 13.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,771 shares of company stock valued at $7,139,163. 0.48% of the stock is currently owned by insiders.

Guidewire Software Trading Up 3.2 %

GWRE opened at $200.08 on Friday. The firm has a market capitalization of $16.78 billion, a P/E ratio of 555.78, a P/E/G ratio of 37.21 and a beta of 1.19. The firm’s 50 day moving average is $190.74 and its 200-day moving average is $190.08. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 52-week low of $107.65 and a 52-week high of $219.59.

Guidewire Software (NYSE:GWRE) last released 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 analysts’ expectations of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal 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.