Union Bancaire Privee UBP SA Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

Union Bancaire Privee UBP SA acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,070 shares of the technology company’s stock, valued at approximately $2,979,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. lifted its stake in Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after buying an additional 488 shares during the last quarter. Donoghue Forlines LLC acquired a new position in Guidewire Software during the 4th quarter worth $2,110,000. Icon Wealth Advisors LLC grew its stake in shares of Guidewire Software by 72.4% in the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after purchasing an additional 2,512 shares in the last quarter. Whale Rock Capital Management LLC increased its holdings in shares of 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 period. Finally, Cerity Partners LLC lifted its holdings in Guidewire Software by 326.8% in the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after purchasing an additional 16,692 shares during the period.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $205.34 on Monday. The stock has a market capitalization of $17.15 billion, a P/E ratio of 570.40, a P/E/G ratio of 47.71 and a beta of 1.23. The business has a 50-day moving average of $182.60 and a two-hundred day moving average of $171.99. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $212.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 7,165 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 $1,225,644.90. Following the transaction, the president now directly owns 182,096 shares in the company, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,306 shares of company stock valued at $5,288,309. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on GWRE. 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. JPMorgan Chase & Co. lifted their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus upped their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird raised their target price 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, Oppenheimer boosted their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $196.08.

Guidewire Software 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.