Zweig DiMenna Associates LLC Invests $273,000 in Guidewire Software, Inc. (GWRE)

Zweig DiMenna Associates LLC purchased a new position in Guidewire Software, Inc. (NYSE:GWRE) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,500 shares of the technology company’s stock, valued at approximately $273,000.

Other large investors also recently modified their holdings of the company. D.A. Davidson & CO. increased its stake in shares of Guidewire Software by 2,270.8% in the second quarter. D.A. Davidson & CO. now owns 1,541 shares of the technology company’s stock worth $105,000 after buying an additional 1,476 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Guidewire Software by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after buying an additional 150 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Guidewire Software by 64.2% in the third quarter. BNP Paribas Arbitrage SA now owns 2,030 shares of the technology company’s stock worth $158,000 after buying an additional 794 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Guidewire Software by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,536 shares of the technology company’s stock worth $174,000 after buying an additional 283 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Guidewire Software in the second quarter worth $214,000.

TRADEMARK VIOLATION WARNING: This report was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://sportsperspectives.com/2017/11/14/zweig-dimenna-associates-llc-invests-273000-in-guidewire-software-inc-gwre.html.

Guidewire Software, Inc. (GWRE) opened at $79.82 on Tuesday. Guidewire Software, Inc. has a 1-year low of $49.18 and a 1-year high of $83.47. The stock has a market cap of $6,051.93, a price-to-earnings ratio of 191.21, a PEG ratio of 24.22 and a beta of 1.23.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the 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 quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. research analysts anticipate that Guidewire Software, Inc. will post 0.21 earnings per share for the current fiscal year.

A number of equities analysts have commented on GWRE shares. Zacks Investment Research downgraded shares of Guidewire Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. BidaskClub downgraded shares of Guidewire Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Guidewire Software in a report on Monday, October 2nd. KeyCorp reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Guidewire Software in a report on Friday, September 29th. Finally, TheStreet raised shares of Guidewire Software from a “c+” rating to a “b” rating in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $80.11.

In related news, insider Ali Kheirolomoom sold 2,047 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $77.06, for a total value of $157,741.82. Following the completion of the sale, the insider now owns 1,941 shares of the company’s stock, valued at $149,573.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marcus Ryu sold 25,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $75.51, for a total transaction of $1,887,750.00. Following the completion of the sale, the chief executive officer now directly owns 139,139 shares of the company’s stock, valued at approximately $10,506,385.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,813 shares of company stock valued at $8,756,990. Corporate insiders own 0.69% of the company’s stock.

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.

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).

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

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.

Latest News

Leave a Reply