Guidewire Software, Inc. (NYSE:GWRE) Position Lessened by Riverbridge Partners LLC

Riverbridge Partners LLC decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 906,245 shares of the technology company’s stock after selling 56,820 shares during the period. Guidewire Software makes up about 2.1% of Riverbridge Partners LLC’s holdings, making the stock its 10th largest holding. Riverbridge Partners LLC owned 1.09% of Guidewire Software worth $152,775,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA lifted its holdings in shares of Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after acquiring an additional 679,558 shares during the last quarter. Linonia Partnership LP lifted its stake in Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after purchasing an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC boosted its holdings in shares of Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after purchasing an additional 31,512 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Guidewire Software by 7.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after purchasing an additional 53,967 shares during the last quarter.

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 2,300 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $401,994.00. Following the sale, the president now owns 178,446 shares in the company, valued at approximately $31,188,791.88. The trade was a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the transaction, the chief executive officer now owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,606 shares of company stock valued at $5,141,309. 0.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GWRE has been the subject of several research reports. DA Davidson reaffirmed a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird upped their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $193.00.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $183.44 on Thursday. The business has a 50 day moving average of $182.12 and a 200 day moving average of $170.82. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $209.15. The company has a market cap of $15.32 billion, a PE ratio of 509.55, a P/E/G ratio of 47.19 and a beta of 1.23. The company has a quick ratio of 2.66, 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.