Koch Industries Inc. bought a new position in Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 308,467 shares of the technology company’s stock, valued at approximately $304,000. Koch Industries Inc. owned about 0.41% of Guidewire Software at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. grew its position in 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 last quarter. The Manufacturers Life Insurance Company grew its position in Guidewire Software by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after purchasing an additional 150 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Guidewire Software by 12.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after purchasing an additional 283 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Guidewire Software by 424.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,601 shares of the technology company’s stock worth $146,000 after purchasing an additional 2,105 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in Guidewire Software in the 2nd quarter worth about $214,000.

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Guidewire Software, Inc. (NYSE GWRE) opened at 76.37 on Thursday. The stock has a 50 day moving average of $77.68 and a 200 day moving average of $69.33. The company has a market capitalization of $5.73 billion, a PE ratio of 272.75 and a beta of 1.22. Guidewire Software, Inc. has a 12-month low of $49.18 and a 12-month high of $81.46.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.20. Guidewire Software had a net margin of 4.13% and a return on equity of 3.59%. The company had revenue of $181.10 million during the quarter, compared to the consensus estimate of $168.61 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was up 28.3% on a year-over-year basis. On average, equities research analysts predict that Guidewire Software, Inc. will post $0.98 EPS for the current year.

In other news, CEO Marcus Ryu sold 25,000 shares of Guidewire Software stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $72.34, for a total transaction of $1,808,500.00. Following the completion of the sale, the chief executive officer now owns 164,139 shares in the company, valued at approximately $11,873,815.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Craig Conway sold 600 shares of Guidewire Software stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $70.33, for a total transaction of $42,198.00. Following the sale, the director now owns 9,747 shares of the company’s stock, valued at approximately $685,506.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 114,870 shares of company stock valued at $8,738,930. Insiders own 0.96% of the company’s stock.

Several research analysts have commented on GWRE shares. Piper Jaffray Companies restated a “buy” rating and issued a $80.00 target price on shares of Guidewire Software in a research report on Sunday, August 27th. BidaskClub upgraded shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. Zacks Investment Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. TheStreet cut shares of Guidewire Software from a “b-” rating to a “c+” rating in a research report on Monday, August 14th. Finally, Bank of America Corporation upped their target price on shares of Guidewire Software from $74.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, September 7th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Guidewire Software presently has a consensus rating of “Buy” and a consensus price target of $80.22.

Guidewire Software Profile

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.

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

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