Benjamin Edwards Inc. Increases Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Benjamin Edwards Inc. raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 256.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,078 shares of the technology company’s stock after acquiring an additional 1,495 shares during the quarter. Benjamin Edwards Inc.’s holdings in Guidewire Software were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after purchasing an additional 60 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Guidewire Software by 4.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after buying an additional 79 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Guidewire Software by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after buying an additional 87 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Guidewire Software by 1.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after buying an additional 116 shares during the period. Finally, Legacy Advisors LLC raised its holdings in Guidewire Software by 1.6% during the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock valued at $1,148,000 after acquiring an additional 135 shares during the period.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $173.92 on Tuesday. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 483.11, a price-to-earnings-growth ratio of 45.93 and a beta of 1.18. The stock has a 50 day moving average price of $191.40 and a 200-day moving average price of $161.45. Guidewire Software, Inc. has a one year low of $95.02 and a one year high of $209.15.

Insider Buying and Selling

In other news, insider James Winston King sold 4,514 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the sale, the insider now owns 48,237 shares in the company, valued at approximately $8,328,600.42. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $266,922.00. Following the transaction, the president now directly owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,601 shares of company stock worth $9,116,179 over the last three months. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. 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. Robert W. Baird lifted their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Royal Bank of Canada upped their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Oppenheimer raised their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $193.00.

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.