Guidewire Software (NYSE:GWRE) PT Raised to $150.00

Guidewire Software (NYSE:GWRE) had its target price increased by Wells Fargo & Company from $140.00 to $150.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Bank of America boosted their target price on shares of Guidewire Software from $80.00 to $95.00 and gave the company an underperform rating in a report on Wednesday, June 5th. Citigroup raised their price target on Guidewire Software from $109.00 to $122.00 and gave the company a neutral rating in a research report on Tuesday, June 4th. Royal Bank of Canada reaffirmed an outperform rating and set a $130.00 price objective on shares of Guidewire Software in a research note on Wednesday, June 5th. BTIG Research raised their price objective on Guidewire Software from $135.00 to $140.00 and gave the company a buy rating in a research note on Wednesday, June 5th. Finally, JPMorgan Chase & Co. raised their target price on Guidewire Software from $133.00 to $145.00 and gave the stock an overweight rating in a research note on Wednesday, June 5th. One 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $130.00.

Guidewire Software Trading Down 1.5 %

Guidewire Software stock opened at $135.24 on Friday. The business’s 50 day simple moving average is $120.71 and its 200 day simple moving average is $115.39. Guidewire Software has a 12 month low of $69.34 and a 12 month high of $138.15. The company has a market cap of $11.18 billion, a price-to-earnings ratio of -1,040.23 and a beta of 1.14.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 5,582 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the transaction, the chief executive officer now directly owns 239,793 shares in the company, valued at approximately $32,261,750.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Michael George Rosenbaum sold 5,582 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the transaction, the chief executive officer now directly owns 239,793 shares in the company, valued at approximately $32,261,750.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the business’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 transaction of $166,266.00. Following the completion of the transaction, the insider now 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 sold a total of 13,064 shares of company stock worth $1,710,361 in the last three months. Insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds have recently added to or reduced their stakes in the stock. Partners Capital Investment Group LLP raised its stake in Guidewire Software by 2.9% during the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000 after buying an additional 99 shares during the last quarter. Greenwich Wealth Management LLC grew its position in shares of Guidewire Software by 0.3% during the 4th quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock valued at $4,051,000 after acquiring an additional 101 shares during the period. Lindbrook Capital LLC grew its position in shares of Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after acquiring an additional 132 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Guidewire Software by 8.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock valued at $197,000 after acquiring an additional 142 shares during the period. Finally, CWM LLC grew its position in shares of Guidewire Software by 18.4% during the 4th quarter. CWM LLC now owns 1,154 shares of the technology company’s stock valued at $126,000 after acquiring an additional 179 shares during the period.

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.