Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp trimmed its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 38.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,907 shares of the technology company’s stock after selling 13,094 shares during the quarter. Alberta Investment Management Corp’s holdings in Guidewire Software were worth $3,525,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Atomi Financial Group Inc. boosted its stake in shares of Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after purchasing an additional 488 shares during the period. Donoghue Forlines LLC purchased a new position in Guidewire Software in the 4th quarter valued at approximately $2,110,000. Icon Wealth Advisors LLC boosted its position in Guidewire Software by 72.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after buying an additional 2,512 shares during the period. GDS Wealth Management grew its stake in shares of Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after acquiring an additional 16,142 shares in the last quarter. Finally, Whale Rock Capital Management LLC increased its position 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 acquiring an additional 31,512 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GWRE shares. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. DA Davidson reiterated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Stifel Nicolaus upped their target price 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. JPMorgan Chase & Co. lifted their price target 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. Finally, Oppenheimer increased their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.50.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $170.43, for a total transaction of $230,080.50. Following the completion of the sale, the president now directly owns 180,746 shares of the company’s stock, valued at $30,804,540.78. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 owns 281,730 shares in the company, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,556 shares of company stock worth $6,820,145. Insiders own 0.48% of the company’s stock.

Guidewire Software Trading Down 1.6 %

GWRE opened at $209.78 on Friday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The business’s 50 day moving average is $189.74 and its two-hundred day moving average is $180.69. The firm has a market cap of $17.52 billion, a price-to-earnings ratio of 582.72, a price-to-earnings-growth ratio of 38.20 and a beta of 1.25.

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.