Malaga Cove Capital LLC Boosts Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Malaga Cove Capital LLC lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 4.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,531 shares of the technology company’s stock after buying an additional 100 shares during the period. Malaga Cove Capital LLC’s holdings in Guidewire Software were worth $427,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Guidewire Software by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock valued at $1,425,434,000 after purchasing an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings 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 valued at $747,968,000 after buying an additional 1,009,966 shares in the last quarter. Artisan Partners Limited Partnership lifted 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 acquiring an additional 291,774 shares during the period. Geode Capital Management LLC increased its stake in shares of Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock valued at $226,701,000 after purchasing an additional 12,697 shares in the last quarter. Finally, 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.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. The Goldman Sachs Group raised their price target on 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. lifted their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, Robert W. Baird raised their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.08.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.65, for a total transaction of $285,110.00. Following the completion of the transaction, the chief executive officer now owns 271,930 shares in the company, valued at $55,378,544.50. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James Winston King sold 1,051 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the sale, the insider now directly owns 44,613 shares in the company, valued at approximately $8,450,148.33. The trade was a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,371 shares of company stock valued at $6,207,005 over the last three months. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Stock Up 0.2%

Guidewire Software stock opened at $214.50 on Wednesday. Guidewire Software, Inc. has a one year low of $107.65 and a one year high of $219.59. The stock has a fifty day moving average of $192.58 and a 200 day moving average of $192.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market cap of $17.99 billion, a PE ratio of 595.83, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18.

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). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 0.52 EPS 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.