SG Americas Securities LLC Raises Stake in Guidewire Software, Inc. (NYSE:GWRE)

SG Americas Securities LLC boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 700.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 29,000 shares of the technology company’s stock after buying an additional 25,375 shares during the period. SG Americas Securities LLC’s holdings in Guidewire Software were worth $4,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GWRE. Hanseatic Management Services Inc. grew its stake in shares of Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after buying an additional 58 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after acquiring an additional 60 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after purchasing an additional 87 shares during the period. Signaturefd LLC lifted its position in shares of Guidewire Software by 2.4% during the third quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after purchasing an additional 139 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares in the last quarter.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the sale, the president now directly owns 189,261 shares in the company, valued at approximately $37,420,684.92. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Winston King sold 1,509 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the transaction, the insider now owns 46,728 shares of the company’s stock, valued at $7,993,291.68. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,306 shares of company stock worth $5,288,309. 0.48% of the stock is owned by company insiders.

Guidewire Software Stock Up 0.4 %

GWRE stock opened at $205.34 on Friday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $182.60 and its 200 day simple moving average is $171.52. The stock has a market cap of $17.15 billion, a PE ratio of 570.40, a price-to-earnings-growth ratio of 47.71 and a beta of 1.23. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $212.00.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GWRE. Stifel Nicolaus boosted their price objective 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. Oppenheimer raised their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company upped their target price on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and an average price target of $196.08.

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.