Michael George Rosenbaum Sells 1,400 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $212.42, for a total value of $297,388.00. Following the completion of the sale, the chief executive officer now directly owns 273,330 shares in the company, valued at approximately $58,060,758.60. This represents a 0.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Michael George Rosenbaum also recently made the following trade(s):

• On Monday, February 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $214.68, for a total value of $300,552.00.
• On Monday, February 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $208.42, for a total value of $291,788.00.
• On Monday, January 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $201.90, for a total value of $282,660.00.
• On Tuesday, January 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $179.91, for a total value of $251,874.00.
• On Wednesday, January 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $174.78, for a total value of $244,692.00.
• On Tuesday, December 17th, Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92.

Guidewire Software Trading Down 2.9 %

NYSE GWRE opened at $203.83 on Friday. The business’s 50-day moving average price is $190.36 and its two-hundred day moving average price is $181.13. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The firm has a market capitalization of $17.02 billion, a PE ratio of 566.19, a price-to-earnings-growth ratio of 37.83 and a beta of 1.25. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently made changes to their positions in GWRE. Massachusetts Financial Services Co. MA grew its position in shares of Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after buying an additional 1,009,966 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock valued at $159,503,000 after purchasing an additional 418,642 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Guidewire Software by 242.2% during the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company’s stock valued at $93,683,000 after purchasing an additional 393,445 shares in the last quarter. Rathbones Group PLC bought a new stake in shares of Guidewire Software during the 4th quarter valued at about $58,118,000. Finally, Balyasny Asset Management L.P. boosted its position in shares of Guidewire Software by 877.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock valued at $61,944,000 after purchasing an additional 329,863 shares in the last quarter.

Analyst Upgrades and Downgrades

GWRE has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Royal Bank of Canada boosted their price target on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. DA Davidson restated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. boosted their price target on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $204.50.

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.