Norden Group LLC Buys 61 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Norden Group LLC lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,232 shares of the technology company’s stock after purchasing an additional 61 shares during the period. Norden Group LLC’s holdings in Guidewire Software were worth $208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GWRE. Versant Capital Management Inc acquired a new stake in Guidewire Software in the 4th quarter valued at about $25,000. Assetmark Inc. raised its stake in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software in the third quarter valued at approximately $33,000. Brooklyn Investment Group bought a new position in shares of Guidewire Software during the 3rd quarter worth approximately $42,000. Finally, R Squared Ltd acquired a new position in shares of Guidewire Software during the 4th quarter worth approximately $47,000.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $197.52 on Thursday. The business has a fifty day moving average price of $193.93 and a two-hundred day moving average price of $184.29. The stock has a market capitalization of $16.50 billion, a PE ratio of 548.67, 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 fifty-two week low of $107.00 and a fifty-two week high of $219.59.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GWRE shares. DA Davidson reaffirmed a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Robert W. Baird upped their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Stifel Nicolaus increased their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Royal Bank of Canada boosted their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $204.50.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total value of $284,382.00. Following the transaction, the chief executive officer now owns 270,530 shares in the company, valued at approximately $54,952,758.90. This trade represents a 0.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President John P. Mullen sold 7,165 shares of the business’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 $1,225,644.90. Following the transaction, the president now directly owns 182,096 shares of the company’s stock, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,656 shares of company stock worth $7,856,836. Company insiders own 0.48% of the company’s stock.

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.