Guidewire Software, Inc. (NYSE:GWRE) Stake Raised by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 457.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 719 shares of the technology company’s stock after acquiring an additional 590 shares during the quarter. Venturi Wealth Management LLC’s holdings in Guidewire Software were worth $121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Guidewire Software in the 4th quarter worth about $25,000. Assetmark Inc. increased its stake in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Guidewire Software in the 3rd quarter worth about $33,000. Brooklyn Investment Group purchased a new position in Guidewire Software in the 3rd quarter worth about $42,000. Finally, R Squared Ltd purchased a new position in Guidewire Software in the 4th quarter worth about $47,000.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 1,509 shares of the business’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 $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. The trade was a 3.13 % decrease in their position. The transaction 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 the business’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 sale, the chief executive officer now owns 281,730 shares of the company’s stock, 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. In the last quarter, insiders sold 37,556 shares of company stock valued at $6,820,145. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Trading Down 2.9 %

Shares of NYSE GWRE opened at $203.83 on Friday. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 566.19, a PEG ratio of 37.21 and a beta of 1.25. The business has a 50 day simple moving average of $190.36 and a 200 day simple moving average of $181.41. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week 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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GWRE shares. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Royal Bank of Canada lifted their price target on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. JMP Securities reissued a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. The Goldman Sachs Group lifted their target price on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their target price on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $204.50.

About Guidewire Software

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.