Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its position in Guidewire Software, Inc. (NYSE:GWRE) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 968 shares of the technology company’s stock after selling 191 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Guidewire Software were worth $163,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. grew its holdings in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software in the 3rd quarter worth $33,000. Brooklyn Investment Group acquired a new position in Guidewire Software in the 3rd quarter valued at about $42,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after purchasing an additional 60 shares during the last quarter.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $244,692.00. Following the sale, the chief executive officer now directly owns 280,330 shares in the company, valued at approximately $48,996,077.40. This represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President John P. Mullen sold 2,300 shares of Guidewire Software stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $401,994.00. Following the completion of the transaction, the president now owns 178,446 shares of the company’s stock, valued at $31,188,791.88. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,556 shares of company stock worth $5,142,803 in the last ninety days. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GWRE shares. JPMorgan Chase & Co. lifted their price target 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. Oppenheimer lifted their target price on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. Royal Bank of Canada raised their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Robert W. Baird upped their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $193.00.

Guidewire Software Stock Up 1.5 %

Shares of GWRE opened at $174.60 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. The stock has a market capitalization of $14.58 billion, a PE ratio of 485.00, a P/E/G ratio of 46.15 and a beta of 1.23. The company’s 50-day simple moving average is $183.96 and its 200-day simple moving average is $169.34. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $209.15.

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.