Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by DF Dent & Co. Inc.

DF Dent & Co. Inc. reduced its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 993,133 shares of the technology company’s stock after selling 230,428 shares during the period. Guidewire Software makes up 2.1% of DF Dent & Co. Inc.’s holdings, making the stock its 18th biggest position. DF Dent & Co. Inc. owned 1.19% of Guidewire Software worth $167,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GWRE. Versant Capital Management Inc purchased a new position in Guidewire Software in the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software in the third quarter valued at approximately $33,000. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software during the fourth quarter worth approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock worth $34,000 after buying an additional 99 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Guidewire Software in the 4th quarter valued at $47,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GWRE. Robert W. Baird boosted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. DA Davidson reiterated a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Oppenheimer raised their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, The Goldman Sachs Group raised their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. One equities 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. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $192.68 on Thursday. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 535.22, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The business has a 50-day moving average of $199.90 and a 200 day moving average of $189.10. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 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 business had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,956 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $370,485.96. Following the completion of the transaction, the chief financial officer now owns 71,538 shares in the company, valued at $13,550,012.58. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President John P. Mullen sold 6,116 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the sale, the president now directly owns 166,330 shares in the company, valued at approximately $31,504,565.30. This represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,580 shares of company stock valued at $7,417,937. 0.48% of the stock is currently owned by company insiders.

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.