Brown Advisory Inc. increased its stake in Guidewire Software, Inc. (NYSE:GWRE) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 509,027 shares of the technology company’s stock after purchasing an additional 29,338 shares during the quarter. Brown Advisory Inc. owned approximately 0.68% of Guidewire Software worth $39,632,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its holdings in Guidewire Software by 1.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,906 shares of the technology company’s stock worth $406,000 after purchasing an additional 63 shares during the period. Pacer Advisors Inc. raised its holdings in Guidewire Software by 1.0% in the 2nd quarter. Pacer Advisors Inc. now owns 8,178 shares of the technology company’s stock worth $562,000 after purchasing an additional 78 shares during the period. The Manufacturers Life Insurance Company raised its holdings 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 period. Aperio Group LLC raised its holdings in Guidewire Software by 5.3% in the 2nd quarter. Aperio Group LLC now owns 5,369 shares of the technology company’s stock worth $369,000 after purchasing an additional 269 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 period.

In other news, insider Ali Kheirolomoom sold 2,047 shares of Guidewire Software stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $77.06, for a total value of $157,741.82. Following the sale, the insider now directly owns 1,941 shares of the company’s stock, valued at $149,573.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Hart sold 375 shares of Guidewire Software stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $75.57, for a total value of $28,338.75. Following the completion of the sale, the chief financial officer now directly owns 3,819 shares in the company, valued at $288,601.83. The disclosure for this sale can be found here. Insiders sold 88,621 shares of company stock worth $6,933,274 over the last ninety days. Insiders own 0.69% of the company’s stock.

Shares of Guidewire Software, Inc. (NYSE GWRE) opened at $73.15 on Friday. The company has a market capitalization of $5,510.00, a PE ratio of 185.98, a price-to-earnings-growth ratio of 23.56 and a beta of 1.23. Guidewire Software, Inc. has a twelve month low of $49.18 and a twelve month high of $83.52.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Wednesday, November 29th. The technology company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.10). Guidewire Software had a net margin of 3.82% and a return on equity of 3.42%. The business had revenue of $108.20 million for the quarter, compared to the consensus estimate of $100.61 million. During the same period in the prior year, the business earned $0.02 earnings per share. Guidewire Software’s revenue was up 15.0% compared to the same quarter last year. equities analysts anticipate that Guidewire Software, Inc. will post 0.2 EPS for the current fiscal year.

A number of equities research analysts have commented on the company. TheStreet cut Guidewire Software from a “b” rating to a “c+” rating in a report on Wednesday. Deutsche Bank reissued a “buy” rating and set a $85.00 price target on shares of Guidewire Software in a report on Thursday. Citigroup set a $85.00 price target on Guidewire Software and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research cut Guidewire Software from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, BidaskClub cut Guidewire Software from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $80.11.

ILLEGAL ACTIVITY WARNING: “Brown Advisory Inc. Buys 29,338 Shares of Guidewire Software, Inc. (GWRE)” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/12/02/brown-advisory-inc-buys-29338-shares-of-guidewire-software-inc-gwre.html.

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.

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

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