Ieq Capital LLC Acquires 35,001 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Ieq Capital LLC raised its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 461.2% in the 4th quarter, HoldingsChannel reports. The fund owned 42,590 shares of the technology company’s stock after acquiring an additional 35,001 shares during the period. Ieq Capital LLC’s holdings in Guidewire Software were worth $7,180,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in Guidewire Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. boosted its stake in shares of Guidewire Software by 537.0% in the 3rd 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 last quarter. 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 Guidewire Software in the third quarter valued at $42,000. Finally, R Squared Ltd bought a new stake in Guidewire Software during the fourth quarter valued at $47,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GWRE. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted 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. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Oppenheimer raised their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Robert W. Baird upped their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.50.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $170.43, for a total transaction 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 trade represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Winston King sold 1,509 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $258,129.54. Following the completion of the transaction, the insider now directly owns 46,728 shares of the company’s stock, valued at approximately $7,993,291.68. This represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,556 shares of company stock valued at $6,820,145 over the last 90 days. Insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

GWRE stock opened at $209.78 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The business has a 50-day simple moving average of $189.74 and a two-hundred day simple moving average of $180.69. The company has a market capitalization of $17.52 billion, a P/E ratio of 582.72, a price-to-earnings-growth ratio of 38.20 and a beta of 1.25. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59.

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.