M&T Bank Corp Has $1.65 Million Holdings in Guidewire Software, Inc. (NYSE:GWRE)

M&T Bank Corp trimmed its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,018 shares of the technology company’s stock after selling 247 shares during the quarter. M&T Bank Corp’s holdings in Guidewire Software were worth $1,649,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of GWRE. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after buying an additional 79 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Guidewire Software by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after buying an additional 87 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Guidewire Software by 1.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock valued at $1,252,000 after buying an additional 116 shares in the last quarter. Finally, Legacy Advisors LLC lifted its holdings in shares of Guidewire Software by 1.6% during the 2nd quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock worth $1,148,000 after acquiring an additional 135 shares during the period.

Guidewire Software Trading Down 0.6 %

Shares of NYSE GWRE opened at $172.76 on Friday. The firm has a 50 day moving average price of $190.61 and a two-hundred day moving average price of $162.60. The stock has a market cap of $14.43 billion, a P/E ratio of 479.89, a price-to-earnings-growth ratio of 45.60 and a beta of 1.18. Guidewire Software, Inc. has a 52-week low of $95.50 and a 52-week high of $209.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 1,350 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the completion of the sale, the president now directly owns 190,611 shares in the company, valued at $35,773,872.48. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at $49,523,889.92. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock worth $9,116,179 over the last three months. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Robert W. Baird boosted their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Citigroup boosted their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Stifel Nicolaus raised their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

Guidewire Software Company 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.