Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lowered its position in Guidewire Software, Inc. (NYSE:GWRE) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 746,410 shares of the technology company’s stock after selling 102,096 shares during the period. Guidewire Software accounts for about 1.7% of Stephens Investment Management Group LLC’s holdings, making the stock its 3rd biggest position. Stephens Investment Management Group LLC’s holdings in Guidewire Software were worth $125,830,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA boosted its position in shares of Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after buying an additional 679,558 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after acquiring an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC lifted its position 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 in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Guidewire Software by 7.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after purchasing an additional 53,967 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after purchasing an additional 256,702 shares in the last quarter.

Insider Activity

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $208.42, for a total transaction of $291,788.00. Following the transaction, the chief executive officer now directly owns 276,130 shares of the company’s stock, valued at approximately $57,551,014.60. This trade represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now directly owns 189,261 shares in the company, valued at approximately $37,420,684.92. This represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,106 shares of company stock worth $6,489,127. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GWRE. Royal Bank of Canada boosted their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. 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. The Goldman Sachs Group started coverage on shares of Guidewire Software in a research note on Thursday, January 23rd. They issued a “buy” rating and a $210.00 target price on the stock. Finally, Stifel Nicolaus raised their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $202.00.

Guidewire Software Stock Down 1.9 %

GWRE stock opened at $213.48 on Friday. The stock has a 50-day simple moving average of $184.89 and a two-hundred day simple moving average of $176.71. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.49. The firm has a market capitalization of $17.83 billion, a PE ratio of 593.01, a PEG ratio of 56.59 and a beta of 1.25. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

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.