Dynamic Technology Lab Private Ltd purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 41,286 shares of the technology company’s stock, valued at approximately $3,215,000. Guidewire Software makes up 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 7th biggest holding. Dynamic Technology Lab Private Ltd owned about 0.06% of Guidewire Software as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GWRE. D.A. Davidson & CO. boosted its holdings in shares of Guidewire Software by 2,270.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,476 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Guidewire Software by 64.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after acquiring an additional 794 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Guidewire Software by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after acquiring an additional 150 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Guidewire Software by 12.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after acquiring an additional 283 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $200,000.
Shares of Guidewire Software, Inc. (NYSE GWRE) traded down $2.68 during trading hours on Monday, hitting $70.47. The stock had a trading volume of 1,625,422 shares, compared to its average volume of 465,372. Guidewire Software, Inc. has a twelve month low of $49.18 and a twelve month high of $83.52. The stock has a market cap of $5,512.74, a P/E ratio of 182.88, a PEG ratio of 36.19 and a beta of 1.18.
Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.10). Guidewire Software had a net margin of 3.82% and a return on equity of 3.29%. The company had revenue of $108.20 million during the quarter, compared to analysts’ expectations of $100.61 million. During the same quarter in the prior year, the business posted $0.02 earnings per share. The company’s revenue was up 15.0% compared to the same quarter last year. research analysts expect that Guidewire Software, Inc. will post 0.13 earnings per share for the current fiscal year.
GWRE has been the subject of a number of research analyst reports. Piper Jaffray Companies reissued a “buy” rating and set a $80.00 price target on shares of Guidewire Software in a research note on Sunday, August 27th. BidaskClub raised Guidewire Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Zacks Investment Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. TheStreet lowered Guidewire Software from a “b-” rating to a “c+” rating in a research report on Monday, August 14th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Guidewire Software in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Guidewire Software has a consensus rating of “Buy” and a consensus price target of $80.11.
In other Guidewire Software news, CEO Marcus Ryu sold 13,249 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $77.79, for a total transaction of $1,030,639.71. Following the sale, the chief executive officer now owns 161,889 shares in the company, valued at approximately $12,593,345.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard Hart sold 375 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $75.57, for a total value of $28,338.75. Following the sale, the chief financial officer now owns 3,819 shares in the company, valued at approximately $288,601.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,621 shares of company stock worth $6,933,274. 0.69% of the stock is owned by company insiders.
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About Guidewire Software
Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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