Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Wealth Alliance

by · The Markets Daily

Wealth Alliance decreased its holdings in Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,082 shares of the technology company’s stock after selling 56 shares during the quarter. Wealth Alliance’s holdings in Guidewire Software were worth $351,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA grew its stake in shares of 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 acquiring an additional 679,558 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Guidewire Software by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after purchasing an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC grew its stake in shares of Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after purchasing an additional 31,512 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Guidewire Software by 7.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after purchasing an additional 53,967 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Guidewire Software by 18,001.5% during the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after purchasing an additional 256,702 shares in the last quarter.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Royal Bank of Canada boosted their target price 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. The Goldman Sachs Group boosted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $204.50.

View Our Latest Report on GWRE

Insider Activity

In other news, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the sale, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President John P. Mullen sold 3,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $208.79, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,556 shares of company stock valued at $6,820,145. Insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $203.83 on Friday. The company has a 50-day simple moving average of $190.36 and a 200-day simple moving average of $181.13. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 566.19, a PEG ratio of 37.83 and a beta of 1.25.

Guidewire Software Company Profile

(Free Report)

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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