Entropy Technologies LP Invests $1.02 Million in Guidewire Software, Inc. (NYSE:GWRE)

Entropy Technologies LP acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,587 shares of the technology company’s stock, valued at approximately $1,022,000.

A number of other hedge funds have also recently bought and sold shares of GWRE. Assetmark Inc. lifted its stake in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period. Rothschild Investment LLC acquired a new position in shares of Guidewire Software during the 2nd quarter valued at about $31,000. DT Investment Partners LLC purchased a new position in shares of Guidewire Software during the 2nd quarter worth about $41,000. Lynx Investment Advisory acquired a new stake in shares of Guidewire Software in the second quarter worth approximately $41,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after purchasing an additional 60 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GWRE. JMP Securities boosted their price objective on shares of Guidewire Software from $179.00 to $200.00 and gave the company a “market outperform” rating in a research note on Friday, October 11th. DA Davidson restated a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a research note on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Robert W. Baird lifted their price target on shares of Guidewire Software from $175.00 to $204.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.62.

Insider Buying and Selling at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the transaction, the insider now owns 137,821 shares in the company, valued at approximately $20,539,463.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now owns 137,821 shares in the company, valued at $20,539,463.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John P. Mullen sold 6,718 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $1,156,570.88. Following the completion of the transaction, the insider now owns 160,099 shares in the company, valued at approximately $27,562,643.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $9,050,448 over the last quarter. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $196.24 on Thursday. Guidewire Software, Inc. has a 1 year low of $94.52 and a 1 year high of $199.33. The stock’s 50-day simple moving average is $181.81 and its 200-day simple moving average is $151.08. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of -2,452.69, a PEG ratio of 50.59 and a beta of 1.18.

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

Guidewire Software Company 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.