Rockefeller Capital Management L.P. Acquires 5,104 Shares of Guidewire Software, Inc. $GWRE

Rockefeller Capital Management L.P. boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 59.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,709 shares of the technology company’s stock after buying an additional 5,104 shares during the period. Rockefeller Capital Management L.P.’s holdings in Guidewire Software were worth $2,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Advisors Asset Management Inc. purchased a new stake in shares of Guidewire Software during the 1st quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new position in Guidewire Software in the third quarter valued at about $29,000. Flagship Harbor Advisors LLC purchased a new position in Guidewire Software in the fourth quarter valued at about $36,000. Harbour Investments Inc. raised its holdings in Guidewire Software by 83.0% in the fourth quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock worth $50,000 after purchasing an additional 112 shares in the last quarter. Finally, Clearstead Advisors LLC raised its holdings in Guidewire Software by 82.4% in the third quarter. Clearstead Advisors LLC now owns 270 shares of the technology company’s stock worth $62,000 after purchasing an additional 122 shares in the last quarter.

Analysts Set New Price Targets

GWRE has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Zacks Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. BTIG Research lowered their target price on shares of Guidewire Software from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company cut their price target on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.36.

Insider Transactions at Guidewire Software

In related news, CFO Jeffrey Elliott Cooper sold 1,348 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $105.67, for a total transaction of $142,443.16. Following the sale, the chief financial officer directly owned 62,119 shares of the company’s stock, valued at $6,564,114.73. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $105.67, for a total value of $126,804.00. Following the completion of the transaction, the chief executive officer directly owned 198,576 shares of the company’s stock, valued at $20,983,525.92. The trade was a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 29,709 shares of company stock valued at $3,740,332. 0.46% of the stock is owned by insiders.

Guidewire Software Trading Down 0.3%

Shares of Guidewire Software stock opened at $121.10 on Monday. The stock has a market cap of $10.08 billion, a PE ratio of 65.46 and a beta of 0.93. The firm has a fifty day moving average price of $132.62 and a 200 day moving average price of $150.25. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $272.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The company had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm’s revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. Equities research analysts predict that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.