Semanteon Capital Management LP Buys Shares of 6,784 Guidewire Software, Inc. (NYSE:GWRE)

Semanteon Capital Management LP purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,784 shares of the technology company’s stock, valued at approximately $1,241,000. Guidewire Software accounts for about 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 3rd largest holding.

Several other hedge funds have also made changes to their positions in the business. First Bank & Trust increased its position in shares of Guidewire Software by 8.1% in the 3rd quarter. First Bank & Trust now owns 2,655 shares of the technology company’s stock valued at $486,000 after purchasing an additional 200 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Guidewire Software by 20.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 42,903 shares of the technology company’s stock valued at $7,849,000 after buying an additional 7,328 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake 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 buying an additional 60 shares in the last quarter. Highland Capital Management LLC purchased a new stake in Guidewire Software during the 3rd quarter worth about $1,552,000. Finally, Element Wealth LLC acquired a new position in shares of Guidewire Software during the 3rd quarter worth about $237,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $168.00 target price on shares of Guidewire Software in a research note on Friday, September 6th. BTIG Research upped their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada lifted their price target on shares of Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Robert W. Baird upped their price objective on shares of Guidewire Software from $175.00 to $204.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus lifted their target price on Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.62.

Guidewire Software Price Performance

Shares of GWRE stock traded up $0.95 during midday trading on Monday, hitting $188.06. The company had a trading volume of 4,243 shares, compared to its average volume of 694,206. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of -1,439.31, a PEG ratio of 48.42 and a beta of 1.19. The company’s 50 day simple moving average is $170.57 and its 200 day simple moving average is $144.05. Guidewire Software, Inc. has a 52-week low of $85.86 and a 52-week high of $191.48.

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

Insider Activity at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the transaction, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Jeffrey Elliott Cooper sold 4,956 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.70, for a total transaction of $855,901.20. Following the sale, the chief financial officer now owns 78,411 shares of the company’s stock, valued at approximately $13,541,579.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. This trade represents a 0.00 % 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 $9,050,448 over the last 90 days. Company insiders own 0.38% of the company’s stock.

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.