Park Avenue Securities LLC Acquires 267 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Park Avenue Securities LLC boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,359 shares of the technology company’s stock after buying an additional 267 shares during the quarter. Park Avenue Securities LLC’s holdings in Guidewire Software were worth $903,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GWRE. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after buying an additional 60 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after buying an additional 87 shares during the last quarter. Signaturefd LLC lifted its position in Guidewire Software by 2.4% during the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after acquiring an additional 139 shares during the period. Assetmark Inc. boosted its position in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in shares of Guidewire Software by 0.7% in the third quarter. Orion Portfolio Solutions LLC now owns 21,302 shares of the technology company’s stock worth $3,897,000 after acquiring an additional 149 shares during the period.

Insider Activity

In related news, Director Michael C. Keller sold 1,939 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 $338,898.42. Following the sale, the director now directly owns 14,118 shares in the company, valued at approximately $2,467,544.04. This represents a 12.08 % 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, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now directly owns 281,730 shares in the company, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,606 shares of company stock valued at $5,141,309. Company insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

NYSE:GWRE opened at $181.54 on Wednesday. The stock’s fifty day moving average is $182.37 and its two-hundred day moving average is $170.73. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $209.15. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $15.16 billion, a P/E ratio of 504.27, a P/E/G ratio of 46.43 and a beta of 1.23.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GWRE shares. Royal Bank of Canada boosted their price target on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Stifel Nicolaus upped their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company boosted their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, JMP Securities restated a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

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.