Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC increased its position in Guidewire Software, Inc. (NYSE:GWRE) by 45.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 421 shares of the technology company’s stock after buying an additional 132 shares during the period. Lindbrook Capital LLC’s holdings in Guidewire Software were worth $46,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. grew its holdings in Guidewire Software by 141.4% in the third quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock valued at $165,831,000 after purchasing an additional 1,079,268 shares during the period. Brown Advisory Inc. increased its holdings in shares of Guidewire Software by 2,902.6% during the 3rd quarter. Brown Advisory Inc. now owns 475,820 shares of the technology company’s stock worth $42,824,000 after buying an additional 459,973 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Guidewire Software by 16.2% in the third quarter. Van ECK Associates Corp now owns 2,115,994 shares of the technology company’s stock valued at $190,440,000 after acquiring an additional 294,631 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Guidewire Software by 628.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 313,151 shares of the technology company’s stock worth $28,184,000 after acquiring an additional 270,169 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Guidewire Software in the 4th quarter worth about $17,240,000.

Guidewire Software Stock Down 1.4 %

Shares of GWRE stock opened at $111.95 on Friday. The firm has a fifty day moving average of $115.06 and a two-hundred day moving average of $106.46. Guidewire Software, Inc. has a 1-year low of $68.45 and a 1-year high of $122.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The business had revenue of $240.90 million during the quarter, compared to the consensus estimate of $240.93 million. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post -0.42 EPS for the current fiscal year.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the transaction, the chief executive officer now owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the transaction, the insider now directly owns 148,047 shares in the company, valued at approximately $16,485,033.45. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the sale, the chief executive officer now owns 245,375 shares in the company, valued at $27,420,656.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,435 shares of company stock valued at $1,053,821. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Oppenheimer increased their price target on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Raymond James initiated coverage on Guidewire Software in a research report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price objective on the stock. Finally, DA Davidson reaffirmed a “buy” rating and issued a $126.00 target price on shares of Guidewire Software in a research report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.11.

About Guidewire Software

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.