Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen Sells 7,165 Shares

Guidewire Software, Inc. (NYSE:GWRE) President John P. Mullen sold 7,165 shares of the business’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 $1,225,644.90. Following the sale, the president now owns 182,096 shares of the company’s stock, valued at approximately $31,149,341.76. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Guidewire Software Price Performance

GWRE opened at $172.06 on Friday. Guidewire Software, Inc. has a fifty-two week low of $102.66 and a fifty-two week high of $209.15. The firm has a 50-day moving average of $189.77 and a 200 day moving average of $163.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. The firm has a market cap of $14.37 billion, a P/E ratio of 477.94, a PEG ratio of 45.60 and a beta of 1.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its holdings in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after purchasing an additional 679,558 shares during the period. International Assets Investment Management LLC increased its position in Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after buying an additional 256,702 shares during the last quarter. Teca Partners LP bought a new stake in shares of Guidewire Software in the second quarter valued at $25,893,000. Linonia Partnership LP lifted its position 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 valued at $330,329,000 after buying an additional 185,077 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Guidewire Software during the 2nd quarter worth $22,318,000.

Analyst Ratings Changes

A number of brokerages have commented on GWRE. Oppenheimer boosted their price target 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. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised 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. Finally, BTIG Research upped their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $193.00.

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.