GDS Wealth Management Buys 16,142 Shares of Guidewire Software, Inc. (NYSE:GWRE)

GDS Wealth Management boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 618.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,752 shares of the technology company’s stock after purchasing an additional 16,142 shares during the quarter. GDS Wealth Management’s holdings in Guidewire Software were worth $3,161,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its position in Guidewire Software by 24.7% during 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. Geode Capital Management LLC boosted its position in Guidewire Software by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after purchasing an additional 6,223 shares during the period. Whale Rock Capital Management LLC boosted its position in shares of Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Guidewire Software by 7.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after acquiring an additional 53,967 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after acquiring an additional 256,702 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GWRE shares. JPMorgan Chase & Co. boosted their target price 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. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Oppenheimer boosted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. 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 research note on Friday, December 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $202.00.

Insider Activity

In related news, insider James Winston King sold 1,509 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $258,129.54. Following the sale, the insider now directly owns 46,728 shares in the company, valued at $7,993,291.68. This represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the transaction, the president now owns 189,261 shares in the company, valued at $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,706 shares of company stock valued at $5,570,969 over the last quarter. 0.48% of the stock is owned by company insiders.

Guidewire Software Stock Up 0.7 %

Shares of NYSE GWRE opened at $212.66 on Tuesday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market cap of $17.76 billion, a price-to-earnings ratio of 590.72, a PEG ratio of 54.93 and a beta of 1.25. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $215.46. The stock has a 50-day moving average price of $183.79 and a two-hundred day moving average price of $174.90.

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.