Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum Sells 5,932 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Guidewire Software Stock Up 1.2 %

NYSE:GWRE opened at $174.52 on Thursday. Guidewire Software, Inc. has a 52 week low of $102.66 and a 52 week high of $209.15. The stock’s fifty day moving average is $189.99 and its two-hundred day moving average is $163.80. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 484.78, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Analyst Ratings Changes

GWRE has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Stifel Nicolaus raised their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. BTIG Research boosted their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. Robert W. Baird raised their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company lifted 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

Hedge Funds Weigh In On Guidewire Software

Hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after acquiring an additional 679,558 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after purchasing an additional 256,702 shares in the last quarter. Teca Partners LP acquired a new stake in Guidewire Software during the 2nd quarter worth approximately $25,893,000. Linonia Partnership LP boosted its position in Guidewire Software by 8.4% in the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after buying an additional 185,077 shares during the period. Finally, Great Lakes Advisors LLC acquired a new position in shares of Guidewire Software in the second quarter worth $22,318,000.

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.