Perpetual Ltd Acquires Shares of 2,820 Guidewire Software, Inc. (NYSE:GWRE)

Perpetual Ltd bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,820 shares of the technology company’s stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GWRE. Massachusetts Financial Services Co. MA increased its position in Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after purchasing an additional 679,558 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after purchasing an additional 256,702 shares during the last quarter. Linonia Partnership LP boosted its stake in shares of Guidewire Software by 8.4% in the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $26,501,000. Finally, Janus Henderson Group PLC raised its stake in shares of Guidewire Software by 355.8% during the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock worth $29,719,000 after buying an additional 126,806 shares during the last quarter.

Guidewire Software Stock Performance

Shares of GWRE opened at $183.44 on Thursday. The firm has a market cap of $15.32 billion, a P/E ratio of 509.55, a PEG ratio of 46.43 and a beta of 1.23. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $209.15. 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 firm’s 50 day moving average price is $182.12 and its two-hundred day moving average price is $170.82.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $179.91, for a total transaction of $251,874.00. Following the completion of the transaction, the chief executive officer now directly owns 278,930 shares of the company’s stock, valued at $50,182,296.30. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Winston King sold 270 shares of Guidewire Software 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 $47,190.60. Following the completion of the sale, the insider now owns 45,664 shares in the company, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,606 shares of company stock worth $5,141,309 over the last ninety days. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on GWRE shares. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus raised their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Robert W. Baird upped their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Finally, Royal Bank of Canada upped their price target on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average 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.