Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper Sells 1,956 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CFO Jeffrey Elliott Cooper sold 1,956 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $370,485.96. Following the completion of the transaction, the chief financial officer now owns 71,538 shares of the company’s stock, valued at $13,550,012.58. The trade was a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Jeffrey Elliott Cooper also recently made the following trade(s):

• On Wednesday, January 15th, Jeffrey Elliott Cooper sold 300 shares of Guidewire Software stock. The stock was sold at an average price of $174.78, for a total value of $52,434.00.

Guidewire Software Trading Down 1.5 %

GWRE opened at $193.25 on Friday. The business has a 50 day simple moving average of $197.06 and a two-hundred day simple moving average of $186.82. The firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of 536.81, a PEG ratio of 37.21 and a beta of 1.31. 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 one year low of $107.00 and a one year high of $219.59.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GWRE. Massachusetts Financial Services Co. MA raised its position in shares of Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock worth $747,968,000 after acquiring an additional 1,009,966 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock worth $159,503,000 after acquiring an additional 418,642 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Guidewire Software by 242.2% in the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company’s stock worth $93,683,000 after acquiring an additional 393,445 shares in the last quarter. Rathbones Group PLC bought a new position in Guidewire Software during the 4th quarter valued at approximately $58,118,000. Finally, Balyasny Asset Management L.P. increased its position in Guidewire Software by 877.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock valued at $61,944,000 after buying an additional 329,863 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank of Canada increased their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. DA Davidson restated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Robert W. Baird increased their target price on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, March 7th. JMP Securities restated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Finally, The Goldman Sachs Group increased their target price on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.08.

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.