Regatta Capital Group LLC Trims Position in Guidewire Software, Inc. (NYSE:GWRE)

Regatta Capital Group LLC trimmed its stake in Guidewire Software, Inc. (NYSE:GWRE) by 65.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,508 shares of the technology company’s stock after selling 2,917 shares during the period. Regatta Capital Group LLC’s holdings in Guidewire Software were worth $254,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GWRE. Atomi Financial Group Inc. raised its position in Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after purchasing an additional 488 shares in the last quarter. Donoghue Forlines LLC purchased a new position in shares of Guidewire Software during the fourth quarter valued at $2,110,000. Icon Wealth Advisors LLC raised its holdings in shares of Guidewire Software by 72.4% in the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after acquiring an additional 2,512 shares in the last quarter. Whale Rock Capital Management LLC lifted its stake in 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 worth $177,954,000 after acquiring an additional 31,512 shares during the period. Finally, Cerity Partners LLC grew its holdings in Guidewire Software by 326.8% during the 3rd 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Robert W. Baird raised their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, DA Davidson reaffirmed a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $196.08.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $170.43, for a total transaction of $230,080.50. Following the transaction, the president now owns 180,746 shares in the company, valued at approximately $30,804,540.78. This represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James Winston King sold 270 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the transaction, the insider now owns 45,664 shares in the company, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,306 shares of company stock worth $5,288,309. Company insiders own 0.48% of the company’s stock.

Guidewire Software Trading Up 0.4 %

Guidewire Software stock opened at $205.34 on Friday. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $212.00. The stock has a 50-day moving average price of $182.60 and a 200 day moving average price of $171.75. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $17.15 billion, a price-to-earnings ratio of 570.40, a price-to-earnings-growth ratio of 47.71 and a beta of 1.23.

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.