Pallas Capital Advisors LLC Sells 1,020 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Pallas Capital Advisors LLC cut its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,037 shares of the technology company’s stock after selling 1,020 shares during the period. Pallas Capital Advisors LLC’s holdings in Guidewire Software were worth $849,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GWRE. Federated Hermes Inc. grew its holdings in shares of Guidewire Software by 6.0% in the second quarter. Federated Hermes Inc. now owns 151,568 shares of the technology company’s stock valued at $20,900,000 after purchasing an additional 8,558 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Guidewire Software by 0.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 203,098 shares of the technology company’s stock worth $28,005,000 after buying an additional 1,626 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Guidewire Software by 23.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after buying an additional 516,942 shares during the last quarter. Wealth Alliance bought a new stake in shares of Guidewire Software in the 2nd quarter worth about $299,000. Finally, SYSTM Wealth Solutions LLC raised its position in shares of Guidewire Software by 34.3% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 22,861 shares of the technology company’s stock valued at $3,152,000 after buying an additional 5,842 shares in the last quarter.

Insider Buying and Selling

In other Guidewire Software news, insider James Winston King sold 1,509 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $258,129.54. Following the transaction, the insider now owns 46,728 shares in the company, valued at $7,993,291.68. The trade was a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President John P. Mullen sold 7,165 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the sale, the president now directly owns 182,096 shares of the company’s stock, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,347 shares of company stock valued at $4,057,594 over the last three months. 0.48% of the stock is owned by company insiders.

Guidewire Software Trading Down 1.1 %

Shares of NYSE GWRE opened at $169.21 on Tuesday. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $209.15. 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 business has a fifty day simple moving average of $184.58 and a two-hundred day simple moving average of $168.88. The firm has a market cap of $14.13 billion, a PE ratio of 470.03, a price-to-earnings-growth ratio of 46.15 and a beta of 1.23.

Analyst Upgrades and Downgrades

GWRE has been the subject of several recent research reports. Stifel Nicolaus lifted their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Finally, Royal Bank of Canada upped their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One investment 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $193.00.

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.