Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC boosted its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 56.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,113 shares of the technology company’s stock after buying an additional 763 shares during the period. HB Wealth Management LLC’s holdings in Guidewire Software were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GWRE. Versant Capital Management Inc purchased a new stake in Guidewire Software in the 4th quarter valued at $25,000. Assetmark Inc. increased 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 purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Guidewire Software in the third quarter valued at about $33,000. Brooklyn Investment Group acquired a new stake in shares of Guidewire Software during the third quarter worth about $42,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Guidewire Software during the second quarter worth about $55,000.

Guidewire Software Stock Up 12.4 %

GWRE stock opened at $206.30 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $182.34 and its 200 day moving average price is $171.07. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $212.00. The company has a market cap of $17.23 billion, a P/E ratio of 573.06, a P/E/G ratio of 47.19 and a beta of 1.23.

Insider Activity

In other Guidewire Software news, Director Michael C. Keller sold 1,939 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $338,898.42. Following the completion of the transaction, the director now directly owns 14,118 shares in the company, valued at approximately $2,467,544.04. This trade represents a 12.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software 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 of the company’s stock, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,606 shares of company stock worth $5,141,309. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GWRE. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus upped their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. 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 price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, JMP Securities restated a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.08.

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.