Buckhead Capital Management LLC Sells 6,965 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Buckhead Capital Management LLC cut its stake in Guidewire Software, Inc. (NYSE:GWRE) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,367 shares of the technology company’s stock after selling 6,965 shares during the period. Guidewire Software makes up approximately 1.9% of Buckhead Capital Management LLC’s holdings, making the stock its 13th biggest position. Buckhead Capital Management LLC’s holdings in Guidewire Software were worth $5,794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GWRE. Hanseatic Management Services Inc. raised its position in shares of Guidewire Software by 12.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after buying an additional 58 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Guidewire Software by 21.1% in the 3rd 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 in the last quarter. CIBC Asset Management Inc lifted its position in shares of Guidewire Software by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after acquiring an additional 87 shares during the period. Signaturefd LLC grew its holdings in shares of Guidewire Software by 2.4% during the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after purchasing an additional 139 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares during the period.

Analyst Ratings Changes

Several research analysts recently commented on the company. 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. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird increased their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group lifted their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $204.50.

Guidewire Software Stock Performance

GWRE stock opened at $216.66 on Friday. The company has a 50 day moving average price of $185.82 and a 200 day moving average price of $178.46. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $18.10 billion, a PE ratio of 601.83, a price-to-earnings-growth ratio of 56.59 and a beta of 1.25.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the transaction, the chief executive officer now owns 274,730 shares of the company’s stock, valued at approximately $58,979,036.40. This trade represents a 0.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the sale, the president now directly owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. This trade represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,506 shares of company stock valued at $6,789,679. Company insiders own 0.48% of the company’s stock.

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.