Natixis Invests $166,000 in Guidewire Software, Inc. (NYSE:GWRE)

Natixis purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,420 shares of the technology company’s stock, valued at approximately $166,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp boosted its holdings in Guidewire Software by 11.1% in the fourth quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock valued at $3,672,000 after purchasing an additional 3,355 shares in the last quarter. Teca Partners LP boosted its holdings in shares of Guidewire Software by 31.1% in the fourth quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock valued at $21,328,000 after acquiring an additional 46,453 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $204,000. Wasatch Advisors LP boosted its holdings in shares of Guidewire Software by 4.2% in the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after acquiring an additional 115,600 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Guidewire Software in the first quarter valued at approximately $417,000.

Guidewire Software Price Performance

Guidewire Software stock opened at $147.98 on Friday. Guidewire Software, Inc. has a fifty-two week low of $78.05 and a fifty-two week high of $148.36. The stock’s fifty day moving average is $132.70 and its two-hundred day moving average is $120.89.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.14. The company had revenue of $240.68 million for the quarter, compared to analyst estimates of $231.46 million. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. Research analysts anticipate that Guidewire Software, Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the sale, the insider now owns 139,171 shares of the company’s stock, valued at $19,361,469.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,582 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the sale, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the completion of the sale, the insider now directly owns 139,171 shares in the company, valued at $19,361,469.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,064 shares of company stock valued at $1,747,850. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Oppenheimer increased their price objective on Guidewire Software from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, June 5th. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Citigroup increased their price objective on Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a report on Tuesday, June 4th. Bank of America increased their price objective on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a report on Wednesday, June 5th. Finally, Royal Bank of Canada upped their price target on Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.31.

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.