Guidewire Software, Inc. (NYSE:GWRE) Position Lowered by Riverbridge Partners LLC

Riverbridge Partners LLC decreased its position in Guidewire Software, Inc. (NYSE:GWRE) by 5.9% during the fourth quarter, Holdings Channel reports. The fund owned 906,245 shares of the technology company’s stock after selling 56,820 shares during the period. Guidewire Software comprises approximately 2.1% of Riverbridge Partners LLC’s investment portfolio, making the stock its 10th biggest position. Riverbridge Partners LLC’s holdings in Guidewire Software were worth $152,775,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after buying an additional 679,558 shares during the period. Linonia Partnership LP lifted its position in shares of Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after buying an additional 185,077 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Guidewire Software by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after acquiring an additional 6,223 shares during the period. Whale Rock Capital Management LLC increased its holdings in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after acquiring an additional 31,512 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Guidewire Software by 7.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after acquiring an additional 53,967 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GWRE shares. Robert W. Baird upped their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson restated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Wells Fargo & Company increased their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $193.00.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the transaction, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Winston King sold 1,509 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the sale, the insider now directly owns 46,728 shares in the company, valued at approximately $7,993,291.68. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,606 shares of company stock worth $5,141,309. Insiders own 0.48% of the company’s stock.

Guidewire Software Stock Up 1.1 %

Shares of GWRE opened at $183.44 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $15.32 billion, a price-to-earnings ratio of 509.55, a price-to-earnings-growth ratio of 47.19 and a beta of 1.23. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $209.15. The business’s 50 day simple moving average is $182.12 and its 200-day simple moving average is $170.82.

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.