Guidewire Software, Inc. $GWRE Stock Holdings Lessened by Darsana Capital Partners LP

Darsana Capital Partners LP lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,804,000 shares of the technology company’s stock after selling 196,000 shares during the quarter. Guidewire Software accounts for 2.1% of Darsana Capital Partners LP’s investment portfolio, making the stock its 5th largest holding. Darsana Capital Partners LP’s holdings in Guidewire Software were worth $468,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. California State Teachers Retirement System lifted its stake in Guidewire Software by 11,874.0% during the 2nd quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company’s stock valued at $1,446,752,000 after acquiring an additional 11,659,237 shares in the last quarter. Bamco Inc. NY bought a new stake in shares of Guidewire Software in the 2nd quarter worth $1,106,768,000. Linonia Partnership LP purchased a new stake in shares of Guidewire Software in the second quarter valued at about $853,165,000. Route One Investment Company L.P. purchased a new stake in shares of Guidewire Software in the second quarter valued at about $227,564,000. Finally, Geode Capital Management LLC lifted its position in shares of Guidewire Software by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after purchasing an additional 145,924 shares in the last quarter.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CAO David Peterson sold 2,500 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $200.00, for a total transaction of $500,000.00. Following the completion of the transaction, the chief accounting officer directly owned 9,787 shares of the company’s stock, valued at approximately $1,957,400. This represents a 20.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 14,400 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $185.00, for a total value of $2,664,000.00. Following the completion of the sale, the president directly owned 116,715 shares of the company’s stock, valued at $21,592,275. This represents a 10.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 47,093 shares of company stock worth $7,215,782 in the last quarter. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GWRE. Oppenheimer boosted their price target on shares of Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. JPMorgan Chase & Co. dropped their target price on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. The Goldman Sachs Group reduced their target price on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, September 4th. Finally, Stifel Nicolaus dropped their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $216.23.

Guidewire Software Stock Performance

NYSE GWRE opened at $142.42 on Thursday. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $259.00. The company has a 50-day simple moving average of $162.72 and a 200 day simple moving average of $147.03. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.44 and a current ratio of 1.79. The company has a market capitalization of $11.86 billion, a PE ratio of 87.37 and a beta of 0.97.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. The business had revenue of $411.09 million for the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. On average, research analysts predict that Guidewire Software, Inc. will post 2.17 EPS for the current year.

Guidewire Software Company Profile

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.