Brinker Capital Investments LLC lowered its holdings in Guidewire Software, Inc. (NYSE:GWRE – Get Rating) by 35.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,627 shares of the technology company's stock after selling 14,138 shares during the quarter. Brinker Capital Investments LLC's holdings in Guidewire Software were worth $1,819,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Jarislowsky Fraser Ltd boosted its holdings in Guidewire Software by 33.1% during the 1st quarter. Jarislowsky Fraser Ltd now owns 1,376,447 shares of the technology company's stock worth $130,239,000 after acquiring an additional 342,391 shares during the last quarter. Route One Investment Company L.P. boosted its holdings in Guidewire Software by 14.6% during the 1st quarter. Route One Investment Company L.P. now owns 2,245,730 shares of the technology company's stock worth $212,491,000 after acquiring an additional 286,750 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Guidewire Software by 17.1% during the 1st quarter. Van ECK Associates Corp now owns 1,737,384 shares of the technology company's stock worth $164,391,000 after acquiring an additional 253,401 shares during the last quarter. Woodline Partners LP purchased a new position in Guidewire Software during the 1st quarter worth $21,836,000. Finally, Skye Global Management LP boosted its holdings in Guidewire Software by 10.0% during the 4th quarter. Skye Global Management LP now owns 2,286,000 shares of the technology company's stock worth $259,530,000 after acquiring an additional 208,000 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 3,110 shares of Guidewire Software stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $62.82, for a total transaction of $195,370.20. Following the completion of the transaction, the insider now owns 43,907 shares of the company's stock, valued at approximately $2,758,237.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Priscilla Hung sold 7,402 shares of the business's stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $62.82, for a total transaction of $464,993.64. Following the completion of the transaction, the chief operating officer now owns 70,100 shares of the company's stock, valued at $4,403,682. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Winston King sold 3,110 shares of the business's stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $62.82, for a total value of $195,370.20. Following the transaction, the insider now directly owns 43,907 shares of the company's stock, valued at approximately $2,758,237.74. The disclosure for this sale can be found here. Insiders sold 41,202 shares of company stock valued at $2,588,310 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Guidewire Software Trading Down 1.7 %

Guidewire Software (NYSE:GWRE – Get Rating) last announced its quarterly earnings data on Tuesday, September 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. The business had revenue of $244.60 million for the quarter, compared to analysts' expectations of $229.63 million. Guidewire Software had a negative return on equity of 10.06% and a negative net margin of 22.20%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. As a group, research analysts anticipate that Guidewire Software, Inc. will post -1.59 EPS for the current year.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Guidewire Software from $75.00 to $65.00 and set an "underweight" rating on the stock in a report on Wednesday, September 7th. StockNews.com cut Guidewire Software from a "hold" rating to a "sell" rating in a research note on Saturday, June 18th. DA Davidson lowered their target price on Guidewire Software from $114.00 to $96.00 and set a "buy" rating on the stock in a research note on Tuesday, August 30th. Robert W. Baird lowered their target price on Guidewire Software from $99.00 to $81.00 and set a "neutral" rating on the stock in a research note on Thursday, September 8th. Finally, Oppenheimer reiterated an "initiates" rating on shares of Guidewire Software in a research note on Wednesday, July 27th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Guidewire Software currently has a consensus rating of "Hold" and a consensus target price of $93.60.

About Guidewire Software

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Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

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