Y Intercept Hong Kong Ltd Makes New $3.62 Million Investment in Guidewire Software, Inc. (NYSE:GWRE)

Y Intercept Hong Kong Ltd acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 21,462 shares of the technology company’s stock, valued at approximately $3,618,000.

Several other hedge funds also recently made changes to their positions in GWRE. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software during the fourth quarter worth about $25,000. Assetmark Inc. grew its holdings in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Guidewire Software during the third quarter worth about $33,000. Brooklyn Investment Group purchased a new stake in Guidewire Software in the 3rd quarter valued at approximately $42,000. Finally, R Squared Ltd purchased a new stake in Guidewire Software in the 4th quarter valued at approximately $47,000.

Guidewire Software Trading Down 2.9 %

Shares of Guidewire Software stock opened at $203.83 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a market capitalization of $17.02 billion, a P/E ratio of 566.19, a P/E/G ratio of 37.21 and a beta of 1.25. The business has a 50 day moving average price of $190.36 and a 200 day moving average price of $181.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GWRE shares. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Robert W. Baird lifted their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Stifel Nicolaus lifted their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Royal Bank of Canada lifted their price objective on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $204.50.

Insider Buying and Selling

In related news, insider James Winston King sold 1,509 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the transaction, the insider now directly owns 46,728 shares in the company, valued at $7,993,291.68. The trade was a 3.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the transaction, the chief executive officer now owns 281,730 shares of the company’s stock, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,556 shares of company stock worth $6,820,145 in the last ninety days. 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.