Westwind Capital Acquires 1,306 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Westwind Capital boosted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,551 shares of the technology company’s stock after purchasing an additional 1,306 shares during the quarter. Guidewire Software comprises approximately 2.8% of Westwind Capital’s holdings, making the stock its 18th largest position. Westwind Capital’s holdings in Guidewire Software were worth $12,905,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in shares of Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after acquiring an additional 679,558 shares during the last quarter. Linonia Partnership LP increased its holdings in shares of Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares during the period. Geode Capital Management LLC raised its position in shares of Guidewire Software by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after buying an additional 6,223 shares during the last quarter. Whale Rock Capital Management LLC lifted its stake in shares of Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after buying an additional 31,512 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in Guidewire Software by 7.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after buying an additional 53,967 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. Oppenheimer increased their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Citigroup lifted their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Stifel Nicolaus upped their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, DA Davidson reaffirmed a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. 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. Based on data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $193.00.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded down $0.55 during trading on Tuesday, reaching $169.90. The company’s stock had a trading volume of 385,811 shares, compared to its average volume of 812,882. The stock has a 50-day moving average price of $185.89 and a two-hundred day moving average price of $167.89. The stock has a market capitalization of $14.19 billion, a P/E ratio of 471.94, a price-to-earnings-growth ratio of 46.15 and a beta of 1.23. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a one year low of $105.31 and a one year high of $209.15.

Insiders Place Their Bets

In other news, President John P. Mullen sold 1,350 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $170.43, for a total value of $230,080.50. Following the transaction, the president now owns 180,746 shares of the company’s stock, valued at $30,804,540.78. This represents a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,347 shares of company stock valued at $4,057,594. Insiders own 0.48% of the company’s stock.

About Guidewire Software

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.