Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC trimmed its position in Guidewire Software, Inc. (NYSE:GWRE) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 746,410 shares of the technology company’s stock after selling 102,096 shares during the quarter. Guidewire Software makes up 1.7% of Stephens Investment Management Group LLC’s holdings, making the stock its 3rd largest position. Stephens Investment Management Group LLC owned about 0.89% of Guidewire Software worth $125,830,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GWRE. Versant Capital Management Inc acquired a new stake in Guidewire Software during the fourth quarter worth approximately $25,000. Assetmark Inc. increased its position in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software during the third quarter worth $33,000. Brooklyn Investment Group acquired a new position in shares of Guidewire Software in the third quarter valued at about $42,000. Finally, R Squared Ltd bought a new position in Guidewire Software during the fourth quarter worth about $47,000.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $208.42, for a total value of $291,788.00. Following the sale, the chief executive officer now directly owns 276,130 shares in the company, valued at $57,551,014.60. This represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 7,165 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the transaction, the president now owns 182,096 shares of the company’s stock, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,106 shares of company stock valued at $6,489,127 in the last ninety days. 0.48% of the stock is currently owned by insiders.

Guidewire Software Stock Performance

Guidewire Software stock opened at $213.48 on Friday. The business has a 50 day moving average of $184.89 and a 200-day moving average of $176.71. The company has a market capitalization of $17.83 billion, a P/E ratio of 593.01, a P/E/G ratio of 56.59 and a beta of 1.25. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GWRE shares. Oppenheimer increased their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Robert W. Baird lifted their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Royal Bank of Canada raised their price target on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $202.00.

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.