Voisard Asset Management Group Inc. bought a new stake in Guidewire Software, Inc. (NYSE:GWRE – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 651 shares of the technology company’s stock, valued at approximately $71,000.
Several other hedge funds have also recently made changes to their positions in the company. RiverPark Advisors LLC bought a new stake in shares of Guidewire Software during the 4th quarter valued at $27,000. Lindbrook Capital LLC raised its stake in shares of Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares during the period. GAMMA Investing LLC bought a new stake in shares of Guidewire Software during the 4th quarter valued at $56,000. Jones Financial Companies Lllp bought a new position in Guidewire Software in the 4th quarter worth about $57,000. Finally, CWM LLC increased its stake in Guidewire Software by 18.4% in the 4th quarter. CWM LLC now owns 1,154 shares of the technology company’s stock worth $126,000 after acquiring an additional 179 shares during the last quarter.
Insiders Place Their Bets
In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the sale, the chief executive officer now owns 245,375 shares in the company, valued at approximately $27,420,656.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the transaction, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at approximately $27,420,656.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,785 shares of company stock worth $1,220,087. 0.38% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have weighed in on GWRE. Bank of America upped their target price on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 5th. Oppenheimer upped their target price on Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 5th. Stifel Nicolaus upped their target price on Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, DA Davidson reiterated a “buy” rating and issued a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.23.
View Our Latest Report on Guidewire Software
Guidewire Software Trading Up 0.1 %
NYSE GWRE opened at $133.15 on Friday. Guidewire Software, Inc. has a fifty-two week low of $68.45 and a fifty-two week high of $138.15. The stock has a 50 day simple moving average of $117.93 and a two-hundred day simple moving average of $113.67.
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.
Further Reading
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