Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. grew its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,040 shares of the technology company’s stock after purchasing an additional 75 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Guidewire Software were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software in the 4th quarter valued at about $25,000. Assetmark Inc. lifted its stake in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software in the third quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Guidewire Software in the third quarter valued at approximately $42,000. Finally, R Squared Ltd purchased a new position in shares of Guidewire Software during the fourth quarter worth approximately $47,000.

Guidewire Software Price Performance

Guidewire Software stock opened at $199.60 on Wednesday. The company has a market cap of $16.67 billion, a P/E ratio of 554.43, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The business has a fifty day moving average of $191.51 and a two-hundred day moving average of $182.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Insider Activity

In related news, President John P. Mullen sold 7,165 shares of the firm’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 $1,225,644.90. Following the completion of the transaction, the president now directly owns 182,096 shares of the company’s stock, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 281,730 shares in the company, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,956 shares of company stock worth $7,105,255 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. Royal Bank of Canada increased 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. JMP Securities restated a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Robert W. Baird lifted their target price on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. One 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.50.

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.