Parkside Financial Bank & Trust trimmed its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 29.4% in the second quarter, Holdings Channel reports. The firm owned 896 shares of the technology company’s stock after selling 373 shares during the period. Parkside Financial Bank & Trust’s holdings in Guidewire Software were worth $211,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Guidewire Software by 3.0% during the first quarter. Vanguard Group Inc. now owns 8,711,604 shares of the technology company’s stock worth $1,632,206,000 after buying an additional 256,070 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Guidewire Software by 16.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company’s stock worth $966,252,000 after acquiring an additional 720,322 shares during the last quarter. Linonia Partnership LP boosted its position in shares of Guidewire Software by 41.8% during the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock worth $636,333,000 after purchasing an additional 1,000,709 shares during the period. Wellington Management Group LLP boosted its position in shares of Guidewire Software by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company’s stock worth $313,410,000 after purchasing an additional 24,991 shares during the period. Finally, Invesco Ltd. raised its position in Guidewire Software by 70.4% in the first quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company’s stock valued at $267,382,000 after purchasing an additional 589,424 shares during the period.
Guidewire Software Stock Performance
Shares of GWRE opened at $217.99 on Monday. Guidewire Software, Inc. has a 1 year low of $165.08 and a 1 year high of $272.60. The stock has a market capitalization of $18.53 billion, a PE ratio of 272.48, a PEG ratio of 14.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.77 and a current ratio of 2.77. The stock has a 50-day simple moving average of $238.93 and a 200-day simple moving average of $228.43.
Insider Activity
In other news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $231.85, for a total transaction of $324,590.00. Following the completion of the sale, the chief executive officer directly owned 255,158 shares of the company’s stock, valued at approximately $59,158,382.30. The trade was a 0.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Winston King sold 798 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $245.70, for a total transaction of $196,068.60. Following the transaction, the insider owned 37,817 shares of the company’s stock, valued at approximately $9,291,636.90. The trade was a 2.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 112,343 shares of company stock worth $27,088,569. 0.48% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, October 8th. Zacks Research raised Guidewire Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Stifel Nicolaus lifted their target price on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Oppenheimer boosted their price target on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Finally, Wall Street Zen cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $274.08.
Check Out Our Latest Research Report on GWRE
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.
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