Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. reduced its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 55.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,136 shares of the technology company’s stock after selling 7,649 shares during the period. Landscape Capital Management L.L.C.’s holdings in Guidewire Software were worth $1,123,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GWRE. Cetera Investment Advisers grew its holdings in Guidewire Software by 648.0% in the 1st quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock valued at $2,114,000 after buying an additional 15,695 shares in the last quarter. Acadian Asset Management LLC raised its stake in Guidewire Software by 91.3% during the first quarter. Acadian Asset Management LLC now owns 7,144 shares of the technology company’s stock worth $833,000 after purchasing an additional 3,409 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Guidewire Software by 8.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock valued at $305,000 after purchasing an additional 165 shares during the last quarter. Xponance Inc. increased its holdings in shares of Guidewire Software by 79.8% during the 2nd quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after buying an additional 3,066 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its position in shares of Guidewire Software by 219.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock valued at $1,139,000 after buying an additional 4,161 shares during the period.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now directly owns 189,261 shares in the company, valued at $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock worth $9,116,179 over the last 90 days. 0.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GWRE. Royal Bank of Canada reissued an “outperform” rating and set a $215.00 target price on shares of Guidewire Software in a research note on Tuesday. BTIG Research lifted their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Oppenheimer increased their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday. Robert W. Baird lifted their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $183.69.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $202.77 on Friday. The company has a market cap of $16.94 billion, a price-to-earnings ratio of -2,534.93, a price-to-earnings-growth ratio of 50.80 and a beta of 1.18. The stock’s 50-day moving average is $185.74 and its two-hundred day moving average is $154.29. Guidewire Software, Inc. has a 1-year low of $95.02 and a 1-year high of $202.99.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.53 earnings per share 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.