John P. Mullen Sells 2,300 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $203.13, for a total value of $467,199.00. Following the sale, the president now owns 172,446 shares of the company’s stock, valued at approximately $35,028,955.98. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Guidewire Software Stock Performance

Shares of GWRE traded down $1.22 on Tuesday, reaching $195.09. 947,218 shares of the stock traded hands, compared to its average volume of 1,291,280. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 541.92, a P/E/G ratio of 37.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The stock’s 50-day moving average price is $193.52 and its 200-day moving average price is $183.96.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Robert W. Baird boosted their target price on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Stifel Nicolaus boosted their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Royal Bank of Canada boosted their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. JMP Securities restated a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $204.50.

Institutional Trading of Guidewire Software

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Guidewire Software by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock valued at $1,425,434,000 after purchasing an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after purchasing an additional 1,009,966 shares during the period. Stockbridge Partners LLC increased its position in shares of Guidewire Software by 8.3% during the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company’s stock valued at $451,602,000 after purchasing an additional 205,382 shares during the period. Artisan Partners Limited Partnership increased its position in shares of Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock valued at $237,323,000 after purchasing an additional 291,774 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock valued at $226,701,000 after purchasing an additional 12,697 shares during the period.

About Guidewire Software

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.