12,516 Shares in Guidewire Software, Inc. (NYSE:GWRE) Bought by Donoghue Forlines LLC

Donoghue Forlines LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,516 shares of the technology company’s stock, valued at approximately $2,110,000. Guidewire Software comprises about 0.7% of Donoghue Forlines LLC’s holdings, making the stock its 16th biggest position.

Several other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after purchasing an additional 679,558 shares in the last quarter. Linonia Partnership LP lifted its stake in shares of 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Guidewire Software by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after buying an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC grew its position in Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Guidewire Software by 7.6% in the third 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 period.

Insider Buying and Selling

In other news, insider James Winston King sold 270 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the sale, the insider now directly owns 45,664 shares in the company, valued at approximately $7,981,153.92. This represents a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total transaction of $266,922.00. Following the completion of the sale, the president now owns 189,261 shares in the company, valued at $37,420,684.92. This represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,606 shares of company stock valued at $5,141,309. Insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $195.61 on Thursday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of 541.91, a P/E/G ratio of 47.19 and a beta of 1.23. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $209.15. The business has a fifty day simple moving average of $182.12 and a 200 day simple moving average of $170.82.

Analysts Set New Price Targets

GWRE has been the topic of a number of research analyst reports. Oppenheimer increased their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Robert W. Baird raised their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company raised their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, JMP Securities restated a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $196.08.

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.