HighTower Advisors LLC Has $1.52 Million Stake in Guidewire Software, Inc. (NYSE:GWRE)

HighTower Advisors LLC lowered its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,341 shares of the technology company’s stock after selling 1,212 shares during the period. HighTower Advisors LLC’s holdings in Guidewire Software were worth $1,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Chevy Chase Trust Holdings LLC bought a new position in shares of Guidewire Software in the 3rd quarter valued at about $343,000. Benjamin Edwards Inc. boosted its position in Guidewire Software by 256.4% during the third quarter. Benjamin Edwards Inc. now owns 2,078 shares of the technology company’s stock valued at $380,000 after purchasing an additional 1,495 shares during the last quarter. Atom Investors LP acquired a new position in Guidewire Software during the third quarter valued at approximately $388,000. Point72 Hong Kong Ltd bought a new position in Guidewire Software in the third quarter valued at approximately $33,000. Finally, True Wealth Design LLC bought a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $108,000.

Wall Street Analyst Weigh In

GWRE has been the subject of several analyst reports. Stifel Nicolaus raised their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. 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 report on Friday, December 6th. Royal Bank of Canada upped their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Citigroup raised their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Wells Fargo & Company boosted their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $193.00.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the president now owns 189,261 shares of the company’s stock, valued at $37,420,684.92. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. This represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,601 shares of company stock valued at $9,116,179. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Performance

GWRE opened at $172.76 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. The business has a fifty day simple moving average of $190.61 and a 200 day simple moving average of $162.90. Guidewire Software, Inc. has a 1 year low of $95.50 and a 1 year high of $209.15. The company has a market capitalization of $14.43 billion, a PE ratio of 479.89, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18.

Guidewire Software 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.