Assetmark Inc. increased its stake in Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 33.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,902 shares of the technology company’s stock after buying an additional 7,508 shares during the period. Assetmark Inc.’s holdings in Guidewire Software were worth $2,453,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GWRE. Allworth Financial LP increased its position in shares of Guidewire Software by 52.1% during the first quarter. Allworth Financial LP now owns 397 shares of the technology company’s stock valued at $33,000 after acquiring an additional 136 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Guidewire Software in the fourth quarter worth $25,000. Huntington National Bank lifted its holdings in shares of Guidewire Software by 261.7% during the fourth quarter. Huntington National Bank now owns 463 shares of the technology company’s stock valued at $29,000 after purchasing an additional 335 shares in the last quarter. HighMark Wealth Management LLC bought a new position in shares of Guidewire Software during the first quarter valued at $40,000. Finally, Park Place Capital Corp increased its holdings in Guidewire Software by 48.9% in the 1st quarter. Park Place Capital Corp now owns 533 shares of the technology company’s stock worth $44,000 after buying an additional 175 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.
Guidewire Software Trading Down 3.8 %
Guidewire Software stock opened at $81.66 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.65 and a quick ratio of 3.65. The firm’s 50 day moving average price is $76.82 and its 200-day moving average price is $76.41. Guidewire Software, Inc. has a 1 year low of $52.08 and a 1 year high of $86.79. The stock has a market cap of $6.65 billion, a P/E ratio of -43.67 and a beta of 1.23.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. Oppenheimer upped their target price on shares of Guidewire Software from $85.00 to $95.00 in a research note on Friday, June 2nd. DA Davidson raised their target price on shares of Guidewire Software from $90.00 to $94.00 in a report on Wednesday, May 31st. Stifel Nicolaus upgraded Guidewire Software from a “hold” rating to a “buy” rating and boosted their price target for the company from $75.00 to $85.00 in a research note on Tuesday, June 27th. 58.com reiterated a “maintains” rating on shares of Guidewire Software in a research note on Friday, June 2nd. Finally, StockNews.com assumed coverage on shares of Guidewire Software in a research report on Thursday, May 18th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.
View Our Latest Report on GWRE
Insider Activity at Guidewire Software
In other news, CFO Jeffrey Elliott Cooper sold 2,572 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $71.13, for a total transaction of $182,946.36. Following the sale, the chief financial officer now directly owns 58,327 shares in the company, valued at approximately $4,148,799.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Jeffrey Elliott Cooper sold 2,572 shares of Guidewire Software stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $71.13, for a total transaction of $182,946.36. Following the completion of the transaction, the chief financial officer now directly owns 58,327 shares of the company’s stock, valued at approximately $4,148,799.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 7,584 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $71.13, for a total transaction of $539,449.92. Following the completion of the sale, the chief executive officer now directly owns 188,016 shares of the company’s stock, valued at approximately $13,373,578.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,187 shares of company stock valued at $937,981. 0.17% of the stock is owned by corporate insiders.
About Guidewire Software
Guidewire Software, Inc provides software products for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud comprising 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.
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