Hanseatic Management Services Inc. Acquires 58 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Hanseatic Management Services Inc. grew its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 539 shares of the technology company’s stock after purchasing an additional 58 shares during the period. Hanseatic Management Services Inc.’s holdings in Guidewire Software were worth $91,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GWRE. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software during the fourth quarter valued at $25,000. Assetmark Inc. boosted its holdings in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Guidewire Software in the third quarter worth approximately $33,000. Brooklyn Investment Group purchased a new position in shares of Guidewire Software during the third quarter valued at approximately $42,000. Finally, Canada Pension Plan Investment Board bought a new position in Guidewire Software during the second quarter valued at approximately $55,000.

Analysts Set New Price Targets

GWRE has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price 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. Stifel Nicolaus upped their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer raised their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Wells Fargo & Company upped their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

Guidewire Software Stock Down 0.6 %

GWRE opened at $178.66 on Friday. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 496.27, a price-to-earnings-growth ratio of 44.47 and a beta of 1.23. 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 firm’s fifty day moving average is $182.99 and its 200 day moving average is $169.94. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $209.15.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. This represents a 2.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the sale, the president now owns 189,261 shares in the company, valued at approximately $37,420,684.92. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,206 shares of company stock valued at $4,889,435 over the last ninety days. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Company 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.