Coldstream Capital Management Inc. Has $335,000 Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Coldstream Capital Management Inc. raised its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 11.2% in the third quarter, HoldingsChannel.com reports. The firm owned 1,814 shares of the technology company’s stock after purchasing an additional 182 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Guidewire Software were worth $335,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC acquired a new stake in shares of Guidewire Software in the 2nd quarter worth about $266,000. Crescent Grove Advisors LLC purchased a new position in Guidewire Software during the 2nd quarter worth $241,000. Lecap Asset Management Ltd. grew its stake in shares of Guidewire Software by 181.3% in the 2nd quarter. Lecap Asset Management Ltd. now owns 10,839 shares of the technology company’s stock worth $1,495,000 after acquiring an additional 6,986 shares in the last quarter. Benin Management CORP purchased a new stake in shares of Guidewire Software in the second quarter valued at about $421,000. Finally, &PARTNERS bought a new position in shares of Guidewire Software during the second quarter valued at about $750,000.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the president now directly owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. This represents a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the sale, the chief executive officer now owns 287,662 shares of the company’s stock, valued at $49,523,889.92. The trade was a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock worth $9,116,179 in the last ninety days. Insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Citigroup boosted their price objective on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. BTIG Research raised their target price on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Finally, DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Guidewire Software Trading Down 0.6 %

NYSE:GWRE opened at $172.76 on Monday. Guidewire Software, Inc. has a 52 week low of $95.50 and a 52 week high of $209.15. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 479.89, a PEG ratio of 45.60 and a beta of 1.18. The company’s 50 day moving average price is $190.61 and its 200-day moving average price is $162.90. The company has a quick ratio of 1.55, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

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.