Rhumbline Advisers Sells 855 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Rhumbline Advisers cut its position in Guidewire Software, Inc. (NYSE:GWRE) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,820 shares of the technology company’s stock after selling 855 shares during the quarter. Rhumbline Advisers owned about 0.11% of Guidewire Software worth $15,479,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its position in shares of Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after acquiring an additional 679,558 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Guidewire Software during the 3rd quarter valued at $26,501,000. Janus Henderson Group PLC lifted its position in shares of Guidewire Software by 355.8% during the 3rd quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock valued at $29,719,000 after acquiring an additional 126,806 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Guidewire Software by 370.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock valued at $27,501,000 after acquiring an additional 118,369 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Guidewire Software by 192.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company’s stock valued at $22,635,000 after acquiring an additional 88,304 shares during the period.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total value of $297,388.00. Following the completion of the sale, the chief executive officer now owns 273,330 shares of the company’s stock, valued at approximately $58,060,758.60. This represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $170.43, for a total value of $230,080.50. Following the completion of the sale, the president now directly owns 180,746 shares of the company’s stock, valued at approximately $30,804,540.78. The trade was a 0.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,556 shares of company stock valued at $6,820,145 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

Shares of GWRE opened at $203.83 on Friday. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The business has a 50-day simple moving average of $190.36 and a two-hundred day simple moving average of $181.41. 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 stock has a market cap of $17.02 billion, a PE ratio of 566.19, a PEG ratio of 37.21 and a beta of 1.25.

Analyst Ratings Changes

A number of research firms have recently weighed in on GWRE. Royal Bank of Canada upped their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Wells Fargo & Company upped their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus upped their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Finally, DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.50.

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.