Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Makena Capital Management LLC

Makena Capital Management LLC lifted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 62.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 89,967 shares of the technology company’s stock after purchasing an additional 34,422 shares during the quarter. Guidewire Software makes up 4.0% of Makena Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Makena Capital Management LLC’s holdings in Guidewire Software were worth $16,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Guidewire Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after buying an additional 67,439 shares during the period. 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 acquiring an additional 516,942 shares during the period. Linonia Partnership LP lifted its position in Guidewire Software by 8.4% in 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 during the last quarter. Whale Rock Capital Management LLC boosted its stake 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 purchasing an additional 240,622 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Guidewire Software by 1.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 630,335 shares of the technology company’s stock valued at $73,566,000 after purchasing an additional 8,995 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price target on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 target price on shares of Guidewire Software in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Robert W. Baird raised their price target on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $168.00 price objective on shares of Guidewire Software in a report on Friday, September 6th. One 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $183.69.

Insider Activity at Guidewire Software

In other news, insider James Winston King sold 4,514 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now owns 48,237 shares in the company, valued at approximately $8,328,600.42. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the sale, the president now owns 189,261 shares in the company, valued at approximately $37,420,684.92. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,601 shares of company stock worth $9,116,179. 0.48% of the stock is owned by insiders.

Guidewire Software Price Performance

GWRE stock opened at $197.23 on Thursday. The firm has a 50 day moving average of $185.13 and a two-hundred day moving average of $153.97. Guidewire Software, Inc. has a 12 month low of $95.02 and a 12 month high of $199.33.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share 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 business had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. During the same period last year, the business earned $0.30 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Research analysts anticipate that Guidewire Software, Inc. will post 0.53 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.