John P. Mullen Sells 2,300 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 2,300 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $401,994.00. Following the completion of the transaction, the president now directly owns 178,446 shares in the company, valued at $31,188,791.88. This trade represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Guidewire Software Stock Up 3.2 %

GWRE opened at $180.01 on Friday. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $209.15. The company’s 50-day moving average price is $183.32 and its two-hundred day moving average price is $169.45. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 500.03, a PEG ratio of 44.47 and a beta of 1.23. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Wall Street Analyst Weigh In

GWRE has been the topic of several recent research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Oppenheimer raised their target price on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Wells Fargo & Company upped their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus raised their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada upped 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $193.00.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently bought and sold shares of GWRE. Massachusetts Financial Services Co. MA increased its position in Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after buying an additional 679,558 shares during the last quarter. Linonia Partnership LP increased its holdings 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 worth $330,329,000 after acquiring an additional 185,077 shares during the last quarter. Geode Capital Management LLC raised its stake in Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after acquiring an additional 6,223 shares during the period. Whale Rock Capital Management LLC lifted its holdings in 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 valued at $177,954,000 after purchasing an additional 31,512 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Guidewire Software by 7.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after purchasing an additional 53,967 shares during the period.

Guidewire Software Company 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.