Guidewire Software, Inc. (NYSE:GWRE) President Sells $1,225,644.90 in Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 7,165 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the completion of the transaction, the president now owns 182,096 shares of the company’s stock, valued at $31,149,341.76. The trade was a 3.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $176.03 on Friday. Guidewire Software, Inc. has a 52 week low of $102.66 and a 52 week high of $209.15. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 488.97, a PEG ratio of 45.60 and a beta of 1.18. The company has a 50-day simple moving average of $189.77 and a 200 day simple moving average of $163.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after purchasing an additional 679,558 shares during the last quarter. Linonia Partnership LP increased its position in Guidewire Software by 8.4% during 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 period. Geode Capital Management LLC lifted its holdings in shares of Guidewire Software by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after buying an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC boosted its position in shares of 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 valued at $177,954,000 after acquiring an additional 31,512 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Guidewire Software by 7.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after acquiring an additional 53,967 shares in the last quarter.

Analysts Set New Price Targets

GWRE has been the subject of a number of analyst reports. JMP Securities restated a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Royal Bank of Canada increased their price objective on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted 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. Citigroup increased their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

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.