Donoghue Forlines LLC Invests $2.11 Million in Guidewire Software, Inc. (NYSE:GWRE)

Donoghue Forlines LLC acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 12,516 shares of the technology company’s stock, valued at approximately $2,110,000. Guidewire Software makes up about 0.7% of Donoghue Forlines LLC’s holdings, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Icon Wealth Advisors LLC boosted its holdings in Guidewire Software by 72.4% during the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after buying an additional 2,512 shares during the last quarter. Whale Rock Capital Management LLC increased its position in shares of Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after buying an additional 31,512 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Guidewire Software by 326.8% in the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after acquiring an additional 16,692 shares in the last quarter. Xponance Inc. raised its position in shares of Guidewire Software by 79.8% during the second quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after purchasing an additional 3,066 shares during the period. Finally, Pallas Capital Advisors LLC lifted its holdings in shares of Guidewire Software by 219.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock valued at $1,139,000 after purchasing an additional 4,161 shares in the last quarter.

Guidewire Software Stock Up 6.6 %

Shares of GWRE opened at $195.61 on Thursday. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $209.15. The firm has a market cap of $16.34 billion, a P/E ratio of 541.91, a price-to-earnings-growth ratio of 47.19 and a beta of 1.23. The firm’s 50-day simple moving average is $182.12 and its 200 day simple moving average is $170.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Insider Buying and Selling

In related news, CFO Jeffrey Elliott Cooper sold 2,828 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $483,757.68. Following the transaction, the chief financial officer now owns 74,911 shares in the company, valued at approximately $12,814,275.66. This trade represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 5,932 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 $1,014,727.92. Following the completion of the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,606 shares of company stock valued at $5,141,309. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Robert W. Baird increased their target price on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Wells Fargo & Company lifted their price target on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. The Goldman Sachs Group assumed coverage on Guidewire Software in a research note on Thursday. They issued a “buy” rating and a $210.00 target price on the stock. Finally, Oppenheimer lifted their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.08.

Guidewire Software Company 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.