Guidewire Software, Inc. (NYSE:GWRE) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 254.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 642 shares of the technology company’s stock after buying an additional 461 shares during the quarter. Blue Trust Inc.’s holdings in Guidewire Software were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GWRE. Massachusetts Financial Services Co. MA increased its stake in Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after purchasing an additional 679,558 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after buying an additional 6,223 shares during the period. Whale Rock Capital Management LLC grew its position in shares of Guidewire Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after buying an additional 31,512 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Guidewire Software by 7.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after acquiring an additional 53,967 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings 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 acquiring an additional 256,702 shares during the last quarter.

Insiders Place Their Bets

In other news, insider James Winston King sold 1,509 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 46,728 shares of the company’s stock, valued at $7,993,291.68. This represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $170.43, for a total value of $230,080.50. Following the completion of the transaction, the president now directly owns 180,746 shares in the company, valued at $30,804,540.78. This represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,106 shares of company stock worth $6,489,127. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $217.41 on Friday. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a fifty day moving average price of $184.68 and a two-hundred day moving average price of $176.02. The firm has a market cap of $18.16 billion, a P/E ratio of 603.90, a PEG ratio of 54.93 and a beta of 1.25.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. The Goldman Sachs Group assumed coverage on shares of Guidewire Software in a research report on Thursday, January 23rd. They set a “buy” rating and a $210.00 price target for the company. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Oppenheimer upped their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $202.00.

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.