By otakuyassine3@gmail.com 
Wilmington Savings Fund Society FSB bought a new stake in Guidewire Software, Inc. (NYSE:GWRE – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 683 shares of the technology company’s stock, valued at approximately $125,000.
Other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after purchasing an additional 679,558 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after acquiring an additional 256,702 shares during the last quarter. Teca Partners LP acquired a new stake in shares of Guidewire Software during the 2nd quarter valued at approximately $25,893,000. Linonia Partnership LP lifted its stake in Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in Guidewire Software in the second quarter worth $22,318,000.
Guidewire Software Price Performance
Shares of NYSE GWRE opened at $172.06 on Friday. The stock has a market cap of $14.37 billion, a P/E ratio of 477.94, a P/E/G ratio of 45.60 and a beta of 1.18. The firm’s 50-day simple moving average is $189.77 and its 200 day simple moving average is $163.86. Guidewire Software, Inc. has a fifty-two week low of $102.66 and a fifty-two week high of $209.15. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.
Insider Buying and Selling at Guidewire Software
In other news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now directly owns 189,261 shares in the company, valued at approximately $37,420,684.92. This trade represents a 0.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey Elliott Cooper sold 2,828 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $483,757.68. Following the completion of the sale, the chief financial officer now owns 74,911 shares of the company’s stock, valued at approximately $12,814,275.66. This trade represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,997 shares of company stock valued at $3,827,513. Company insiders own 0.48% of the company’s stock.
Analyst Upgrades and Downgrades
GWRE has been the subject of several research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Stifel Nicolaus lifted their target price on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Citigroup boosted their price objective on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $193.00.
View Our Latest Research Report on GWRE
Guidewire Software Profile
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.
Further Reading
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