Guidewire Software (NYSE:GWRE) PT Raised to $170.00

Guidewire Software (NYSE:GWRE) had its price target boosted by equities researchers at Royal Bank of Canada from $130.00 to $170.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 25.11% from the stock’s previous close.

Several other analysts also recently issued reports on GWRE. BTIG Research raised their price target on Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Robert W. Baird raised their target price on Guidewire Software from $140.00 to $152.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $130.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. DA Davidson reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. Finally, Wells Fargo & Company boosted their target price on shares of Guidewire Software from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $133.08.

Guidewire Software Trading Up 0.8 %

GWRE traded up $1.02 on Thursday, hitting $135.88. 42,613 shares of the company’s stock were exchanged, compared to its average volume of 625,220. The stock has a fifty day moving average of $121.79 and a two-hundred day moving average of $115.80. Guidewire Software has a twelve month low of $74.03 and a twelve month high of $138.15. The firm has a market cap of $11.23 billion, a PE ratio of -1,045.15 and a beta of 1.14.

Insider Activity at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $123.16, for a total value of $166,266.00. Following the completion of the sale, the insider now directly owns 146,697 shares in the company, valued at $18,067,202.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $134.20, for a total value of $236,863.00. Following the transaction, the chief financial officer now owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now directly owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The disclosure for this sale can be found here. Insiders have sold 13,064 shares of company stock worth $1,710,361 over the last quarter. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. RiverPark Advisors LLC purchased a new stake in Guidewire Software during the fourth quarter valued at about $27,000. Transcendent Capital Group LLC purchased a new stake in shares of Guidewire Software in the 4th quarter valued at approximately $27,000. ORG Partners LLC acquired a new position in Guidewire Software in the 1st quarter worth approximately $29,000. Lindbrook Capital LLC grew its position in Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after purchasing an additional 132 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Guidewire Software during the 4th quarter valued at $56,000.

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.