Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Guidewire Software, Inc. (NYSE:GWRE) by 700.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,000 shares of the technology company’s stock after acquiring an additional 25,375 shares during the period. SG Americas Securities LLC’s holdings in Guidewire Software were worth $4,889,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board purchased a new position in shares of Guidewire Software during the 2nd quarter worth approximately $55,000. Xponance Inc. grew its holdings in Guidewire Software by 79.8% during the second quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after acquiring an additional 3,066 shares during the period. AQR Capital Management LLC raised its position in Guidewire Software by 65.7% in the second quarter. AQR Capital Management LLC now owns 291,907 shares of the technology company’s stock worth $40,251,000 after acquiring an additional 115,757 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in Guidewire Software in the second quarter valued at $381,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Guidewire Software by 17.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,660 shares of the technology company’s stock worth $3,262,000 after purchasing an additional 3,462 shares in the last quarter.

Guidewire Software Stock Performance

NYSE:GWRE opened at $205.34 on Friday. 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 firm has a market cap of $17.15 billion, a PE ratio of 570.40, a P/E/G ratio of 47.71 and a beta of 1.23. The firm has a 50 day simple moving average of $182.60 and a 200-day simple moving average of $171.52. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $212.00.

Analysts Set New Price Targets

Several analysts recently commented on GWRE shares. JPMorgan Chase & Co. raised 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. DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. Robert W. Baird upped their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Finally, Wells Fargo & Company upped their target price on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.08.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the president now owns 189,261 shares in the company, valued at $37,420,684.92. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the transaction, the chief executive officer now owns 281,730 shares in the company, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 30,306 shares of company stock worth $5,288,309. 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.