1,000 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Scalar Gauge Management LLC

Scalar Gauge Management LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,000 shares of the technology company’s stock, valued at approximately $169,000. Guidewire Software comprises about 0.1% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors also recently bought and sold shares of GWRE. Arrowstreet Capital Limited Partnership raised its stake in shares of Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock worth $159,503,000 after buying an additional 418,642 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Guidewire Software by 26.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock valued at $237,323,000 after acquiring an additional 291,774 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Guidewire Software during the third quarter worth about $26,501,000. Janus Henderson Group PLC lifted its holdings in shares of Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock valued at $29,719,000 after purchasing an additional 126,806 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Guidewire Software by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock valued at $1,425,434,000 after purchasing an additional 90,618 shares during the last quarter.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $170.04, for a total transaction of $238,056.00. Following the completion of the sale, the chief executive officer now owns 269,130 shares of the company’s stock, valued at approximately $45,762,865.20. This represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Winston King sold 270 shares of Guidewire Software stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares in the company, valued at approximately $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,180 shares of company stock valued at $7,159,763. 0.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GWRE has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Robert W. Baird boosted their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Oppenheimer increased their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, DA Davidson reaffirmed a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Trading Down 2.1 %

Shares of GWRE stock opened at $187.54 on Monday. The firm’s 50-day simple moving average is $199.36 and its 200-day simple moving average is $188.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The firm has a market cap of $15.73 billion, a P/E ratio of 520.95, a PEG ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. As a group, equities analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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.