Guidewire Software (NYSE:GWRE) Price Target Increased to $150.00 by Analysts at Wells Fargo & Company

Guidewire Software (NYSE:GWRE) had its price target lifted by Wells Fargo & Company from $140.00 to $150.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Other equities analysts have also recently issued reports about the company. DA Davidson reissued a buy rating and issued a $126.00 price target on shares of Guidewire Software in a report on Tuesday, March 5th. Oppenheimer upped their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the company an outperform rating in a report on Wednesday, June 5th. Royal Bank of Canada reiterated an outperform rating and set a $130.00 price target on shares of Guidewire Software in a report on Wednesday, June 5th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $133.00 to $145.00 and gave the company an overweight rating in a research note on Wednesday, June 5th. Finally, Robert W. Baird lifted their target price on shares of Guidewire Software from $140.00 to $152.00 and gave the stock an outperform rating in a research note on Thursday, June 6th. One investment 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 a consensus rating of Moderate Buy and a consensus target price of $130.00.

Guidewire Software Price Performance

GWRE stock opened at $137.30 on Friday. Guidewire Software has a 12 month low of $68.45 and a 12 month high of $138.15. The firm has a market capitalization of $11.35 billion, a PE ratio of -1,056.07 and a beta of 1.14. The company’s 50 day simple moving average is $120.19 and its 200-day simple moving average is $115.14.

Insider Transactions at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the transaction, the chief executive officer now owns 239,793 shares in the company, valued at approximately $32,261,750.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the sale, the insider now owns 148,047 shares in the company, valued at approximately $16,485,033.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,282 shares of company stock worth $1,067,591. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Guidewire Software

Large investors have recently added to or reduced their stakes in the company. Gotham Asset Management LLC increased its holdings in Guidewire Software by 253.3% during the 3rd quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company’s stock worth $1,126,000 after purchasing an additional 8,970 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Guidewire Software by 0.5% in the third quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock worth $724,092,000 after buying an additional 38,954 shares during the last quarter. Alberta Investment Management Corp raised its holdings in Guidewire Software by 11.1% in the fourth quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock valued at $3,672,000 after acquiring an additional 3,355 shares in the last quarter. Teca Partners LP boosted its stake in Guidewire Software by 31.1% during the 4th quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock valued at $21,328,000 after acquiring an additional 46,453 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in Guidewire Software during the 4th quarter worth $204,000.

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.