Norden Group LLC Buys 61 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Norden Group LLC grew its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,232 shares of the technology company’s stock after buying an additional 61 shares during the quarter. Norden Group LLC’s holdings in Guidewire Software were worth $208,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GWRE. Smartleaf Asset Management LLC increased its stake in shares of Guidewire Software by 10.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock valued at $100,000 after buying an additional 56 shares during the period. Hanseatic Management Services Inc. increased its position in Guidewire Software by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after acquiring an additional 58 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after acquiring an additional 60 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its holdings in shares of Guidewire Software by 1.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock worth $681,000 after purchasing an additional 75 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after purchasing an additional 87 shares during the last quarter.

Guidewire Software Stock Performance

Shares of GWRE opened at $197.52 on Thursday. The firm has a market capitalization of $16.50 billion, a P/E ratio of 548.67, a P/E/G ratio of 37.21 and a beta of 1.25. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The stock has a 50 day moving average price of $193.93 and a two-hundred day moving average price of $184.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GWRE shares. Royal Bank of Canada raised their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Robert W. Baird upped 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. Wells Fargo & Company raised their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus price target of $204.50.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Friday, December 20th. The shares were sold at an average price of $170.43, for a total transaction of $230,080.50. Following the transaction, the president now directly owns 180,746 shares of the company’s stock, valued at $30,804,540.78. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Winston King sold 1,509 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 transaction of $258,129.54. Following the transaction, the insider now directly owns 46,728 shares in the company, valued at $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. Insiders have sold a total of 42,656 shares of company stock valued at $7,856,836 over the last 90 days. Insiders own 0.48% of the company’s stock.

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.