Guidewire Software, Inc. (NYSE:GWRE) President Sells $467,199.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 2,300 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total value of $467,199.00. Following the completion of the sale, the president now owns 172,446 shares in the company, valued at $35,028,955.98. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Guidewire Software Trading Down 0.6 %

NYSE:GWRE traded down $1.22 during mid-day trading on Tuesday, hitting $195.09. The company had a trading volume of 947,218 shares, compared to its average volume of 1,291,280. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The business’s fifty day moving average is $193.52 and its two-hundred day moving average is $183.96. 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 has a market cap of $16.29 billion, a P/E ratio of 541.92, a P/E/G ratio of 37.21 and a beta of 1.25.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds have recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA lifted its stake in Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after buying an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Guidewire Software by 79.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock worth $159,503,000 after acquiring an additional 418,642 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Guidewire Software by 242.2% in the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company’s stock worth $93,683,000 after acquiring an additional 393,445 shares in the last quarter. Rathbones Group PLC bought a new stake in shares of Guidewire Software in the fourth quarter worth about $58,118,000. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Guidewire Software by 877.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock worth $61,944,000 after acquiring an additional 329,863 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GWRE. Wells Fargo & Company upped their price target on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Royal Bank of Canada upped their price target on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Oppenheimer increased their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. DA Davidson restated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus 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.