By otakuyassine3@gmail.com 
Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) President John P. Mullen sold 3,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $208.79, for a total value of $626,370.00. Following the completion of the sale, the president now directly owns 174,746 shares of the company’s stock, valued at $36,485,217.34. The trade was a 1.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Guidewire Software Price Performance
NYSE GWRE traded up $4.47 on Tuesday, reaching $217.15. 940,885 shares of the stock traded hands, compared to its average volume of 1,624,440. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $218.01. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 603.19, a P/E/G ratio of 54.93 and a beta of 1.25. The firm’s fifty day simple moving average is $184.05 and its 200 day simple moving average is $175.43. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.
Institutional Investors Weigh In On Guidewire Software
A number of large investors have recently made changes to their positions in GWRE. Hanseatic Management Services Inc. increased its stake in shares of Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock worth $91,000 after acquiring an additional 58 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Guidewire Software by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after purchasing an additional 87 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Guidewire Software by 2.4% during the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock valued at $1,107,000 after buying an additional 139 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares in the last quarter.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on GWRE shares. Royal Bank of Canada lifted their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus increased their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Robert W. Baird boosted their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.00.
View Our Latest Stock Report on Guidewire Software
About Guidewire Software
Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud 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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