Guidewire Software (NYSE:GWRE) Price Target Raised to $170.00 at Royal Bank of Canada

Guidewire Software (NYSE:GWRE) had its price target lifted by Royal Bank of Canada from $130.00 to $170.00 in a research report released on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

A number of other equities research analysts have also issued reports on GWRE. Oppenheimer lifted their target price on Guidewire Software from $130.00 to $140.00 and gave the company an outperform rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an overweight rating in a report on Wednesday, June 5th. Bank of America lifted their price target on shares of Guidewire Software from $80.00 to $95.00 and gave the company an underperform rating in a research note on Wednesday, June 5th. Robert W. Baird increased their price objective on shares of Guidewire Software from $140.00 to $152.00 and gave the stock an outperform rating in a research note on Thursday, June 6th. Finally, BTIG Research lifted their target price on Guidewire Software from $135.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, June 5th. One 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 company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $133.08.

Guidewire Software Trading Up 1.8 %

Shares of NYSE GWRE opened at $137.25 on Thursday. The company has a fifty day moving average price of $122.38 and a 200 day moving average price of $115.95. Guidewire Software has a 1-year low of $74.03 and a 1-year high of $138.45. The firm has a market cap of $11.35 billion, a PE ratio of -1,055.69 and a beta of 1.14.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $134.20, for a total transaction of $236,863.00. Following the completion of the sale, the chief financial officer now directly owns 61,714 shares in the company, valued at $8,282,018.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $134.20, for a total transaction of $236,863.00. Following the transaction, the chief financial officer now owns 61,714 shares in the company, valued at approximately $8,282,018.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 5,582 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $751,002.28. Following the completion of the sale, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,064 shares of company stock worth $1,710,361. 0.38% of the stock is owned by insiders.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Guidewire Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock valued at $949,430,000 after acquiring an additional 67,439 shares during the period. Wasatch Advisors LP lifted its position in Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock worth $335,513,000 after purchasing an additional 115,600 shares during the period. Linonia Partnership LP acquired a new stake in Guidewire Software during the fourth quarter worth about $189,965,000. Whale Rock Capital Management LLC increased its holdings in Guidewire Software by 23.4% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after buying an additional 240,622 shares during the period. Finally, Blair William & Co. IL raised its position in shares of Guidewire Software by 5.4% in the 1st quarter. Blair William & Co. IL now owns 1,244,416 shares of the technology company’s stock valued at $145,236,000 after buying an additional 64,149 shares in the last quarter.

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.