Prakash Investment Advisors LLC Buys Shares of 2,510 Guidewire Software, Inc. (NYSE:GWRE)

Prakash Investment Advisors LLC bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,510 shares of the technology company’s stock, valued at approximately $423,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 increased its holdings 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 worth $472,220,000 after purchasing an additional 256,702 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Guidewire Software in the third quarter worth $26,501,000. Janus Henderson Group PLC increased its holdings in shares of Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock worth $29,719,000 after purchasing an additional 126,806 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Guidewire Software by 370.4% in the third quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock worth $27,501,000 after purchasing an additional 118,369 shares during the period.

Analyst Ratings Changes

Several research analysts have recently weighed in on GWRE shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Stifel Nicolaus upped their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group upped their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.50.

Guidewire Software Stock Performance

NYSE GWRE opened at $209.78 on Friday. The company has a 50-day simple moving average of $189.74 and a two-hundred day simple moving average of $180.69. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The firm has a market cap of $17.52 billion, a price-to-earnings ratio of 582.72, a PEG ratio of 38.20 and a beta of 1.25.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction dated 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 $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 7,165 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the sale, the president now owns 182,096 shares of the company’s stock, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,556 shares of company stock worth $6,820,145 over the last three months. Company insiders own 0.48% of the company’s stock.

About Guidewire Software

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.