Guidewire Software Sees Unusually High Options Volume (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE) saw unusually large options trading activity on Wednesday. Investors purchased 1,297 call options on the stock. This represents an increase of 1,563% compared to the average daily volume of 78 call options.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction on Tuesday, December 17th. The shares were 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 $48,192,733.80. This trade represents a 2.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $170.43, for a total transaction of $230,080.50. Following the sale, the president now owns 180,746 shares of the company’s stock, valued at approximately $30,804,540.78. The trade was a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,347 shares of company stock worth $4,057,594. Corporate insiders own 0.48% of the company’s stock.

Institutional Trading of Guidewire Software

A number of hedge funds and other institutional investors have recently modified their holdings of GWRE. Massachusetts Financial Services Co. MA boosted its stake in Guidewire Software by 24.7% during 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 acquiring an additional 679,558 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Guidewire Software by 18,001.5% during 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 during the last quarter. Teca Partners LP bought a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $25,893,000. Linonia Partnership LP grew its stake in shares of 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 buying an additional 185,077 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Guidewire Software during the 3rd quarter valued at approximately $26,501,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GWRE shares. JMP Securities restated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Wells Fargo & Company increased 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. Robert W. Baird boosted their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

Guidewire Software Trading Up 0.2 %

NYSE GWRE opened at $171.37 on Friday. The stock’s 50 day moving average is $184.88 and its 200 day moving average is $168.17. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $14.31 billion, a PE ratio of 476.03, a P/E/G ratio of 46.15 and a beta of 1.23. Guidewire Software has a twelve month low of $105.31 and a twelve month high of $209.15.

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.