Rhumbline Advisers Sells 855 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Rhumbline Advisers decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,820 shares of the technology company’s stock after selling 855 shares during the period. Rhumbline Advisers’ holdings in Guidewire Software were worth $15,479,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. boosted its holdings 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 worth $453,000 after acquiring an additional 488 shares in the last quarter. Donoghue Forlines LLC bought a new position in Guidewire Software in the fourth quarter worth approximately $2,110,000. Icon Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 2,512 shares in the last quarter. GDS Wealth Management boosted its holdings in Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after acquiring an additional 16,142 shares in the last quarter. Finally, Whale Rock Capital Management LLC boosted its holdings in Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after acquiring an additional 31,512 shares in the last quarter.

Wall Street Analyst Weigh In

GWRE has been the topic of several recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company raised their target price on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Robert W. Baird raised their target price on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, DA Davidson restated a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.50.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $203.83 on Friday. The business’s fifty day simple moving average is $190.36 and its 200 day simple moving average is $181.41. The firm has a market capitalization of $17.02 billion, a P/E ratio of 566.19, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $214.68, for a total value of $300,552.00. Following the sale, the chief executive officer now directly owns 274,730 shares in the company, valued at $58,979,036.40. The trade was a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James Winston King sold 1,509 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $258,129.54. Following the completion of the sale, the insider now owns 46,728 shares in the company, valued at approximately $7,993,291.68. The trade was a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,556 shares of company stock worth $6,820,145. 0.48% of the stock is owned by company insiders.

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.