Two Sigma Advisers LP Purchases Shares of 70,741 Guidewire Software Inc (GWRE)

Two Sigma Advisers LP purchased a new position in Guidewire Software Inc (NYSE:GWRE) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 70,741 shares of the company’s stock, valued at approximately $4,243,000. Two Sigma Advisers LP owned 0.10% of Guidewire Software at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GWRE. Public Employees Retirement Association of Colorado raised its stake in shares of Guidewire Software by 1.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 174,641 shares of the company’s stock worth $10,786,000 after buying an additional 2,322 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of Guidewire Software during the second quarter worth about $963,000. Brown Capital Management LLC raised its stake in shares of Guidewire Software by 15.7% in the second quarter. Brown Capital Management LLC now owns 2,505,767 shares of the company’s stock worth $154,756,000 after buying an additional 340,121 shares during the last quarter. Airain ltd acquired a new stake in shares of Guidewire Software during the second quarter worth about $946,000. Finally, William Blair Investment Management LLC raised its stake in shares of Guidewire Software by 3.9% in the second quarter. William Blair Investment Management LLC now owns 5,136,907 shares of the company’s stock worth $317,255,000 after buying an additional 192,866 shares during the last quarter.

Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

Guidewire Software Inc (NYSE:GWRE) traded up 0.89% during midday trading on Friday, reaching $54.57. The company’s stock had a trading volume of 217,885 shares. The stock has a 50 day moving average of $52.28 and a 200 day moving average of $57.17. The firm has a market capitalization of $4.01 billion and a PE ratio of 500.64. Guidewire Software Inc has a 52 week low of $43.03 and a 52 week high of $64.00.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, November 29th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The firm earned $94.10 million during the quarter. During the same quarter in the prior year, the business earned $0.07 EPS. Guidewire Software’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities research analysts predict that Guidewire Software Inc will post $0.72 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another site, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this report can be read at http://sleekmoney.com/two-sigma-advisers-lp-purchases-shares-of-70741-guidewire-software-inc-gwre/1655207.html.

Several research firms have recently weighed in on GWRE. Zacks Investment Research raised Guidewire Software from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd. JMP Securities reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Monday, November 28th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Guidewire Software in a research note on Wednesday, November 30th. TheStreet lowered Guidewire Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 29th. Finally, Piper Jaffray Companies lowered Guidewire Software from an “overweight” rating to a “neutral” rating in a research note on Friday, December 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $68.14.

In other Guidewire Software news, General Counsel James Winston King sold 562 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $59.13, for a total value of $33,231.06. Following the transaction, the general counsel now owns 225 shares in the company, valued at $13,304.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Roza sold 3,715 shares of the business’s stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $50.43, for a total value of $187,347.45. Following the completion of the transaction, the insider now owns 4,239 shares in the company, valued at approximately $213,772.77. The disclosure for this sale can be found here. Insiders sold 43,361 shares of company stock worth $2,299,762 in the last 90 days.

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.

5 Day Chart for NYSE:GWRE

Want to see what other hedge funds are holding GWRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guidewire Software Inc (NYSE:GWRE).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/two-sigma-advisers-lp-purchases-shares-of-70741-guidewire-software-inc-gwre/1655207.html

Receive News & Ratings for Guidewire Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *