Kapitalo Investimentos Ltda Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

Kapitalo Investimentos Ltda purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,872 shares of the technology company’s stock, valued at approximately $204,000.

Several other institutional investors have also recently added to or reduced their stakes in GWRE. RiverPark Advisors LLC acquired a new position in Guidewire Software in the 4th quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new position in Guidewire Software in the 4th quarter valued at about $27,000. Lindbrook Capital LLC increased its position in Guidewire Software by 45.7% in the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after acquiring an additional 132 shares during the period. GAMMA Investing LLC acquired a new position in Guidewire Software in the 4th quarter valued at about $56,000. Finally, Jones Financial Companies Lllp acquired a new position in Guidewire Software in the 4th quarter valued at about $57,000.

Insider Transactions at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now owns 146,697 shares of the company’s stock, valued at approximately $18,067,202.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $123.16, for a total value of $166,266.00. Following the sale, the insider now owns 146,697 shares of the company’s stock, valued at approximately $18,067,202.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the sale, the chief executive officer now directly owns 239,793 shares in the company, valued at approximately $32,261,750.22. The disclosure for this sale can be found here. Insiders have sold 8,282 shares of company stock valued at $1,067,591 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $135.53 on Wednesday. The business’s 50 day simple moving average is $118.75 and its 200-day simple moving average is $114.38. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of -1,042.46 and a beta of 1.14. Guidewire Software, Inc. has a 12 month low of $68.45 and a 12 month high of $138.15.

Analyst Ratings Changes

Several brokerages recently issued reports on GWRE. Wells Fargo & Company boosted their price target on Guidewire Software from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. BTIG Research boosted their target price on Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Citigroup boosted their target price on Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. Finally, DA Davidson reiterated a “buy” rating and set a $126.00 target price on shares of Guidewire Software in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.23.

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.