Regatta Capital Group LLC Lowers Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Regatta Capital Group LLC lowered its stake in Guidewire Software, Inc. (NYSE:GWRE) by 65.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,508 shares of the technology company’s stock after selling 2,917 shares during the period. Regatta Capital Group LLC’s holdings in Guidewire Software were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in 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 worth $626,918,000 after purchasing an additional 679,558 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Guidewire Software by 18,001.5% during the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after purchasing an additional 256,702 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Guidewire Software during the third quarter valued at approximately $26,501,000. Janus Henderson Group PLC boosted its holdings in Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock worth $29,719,000 after purchasing an additional 126,806 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Guidewire Software by 370.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock worth $27,501,000 after purchasing an additional 118,369 shares during the period.

Guidewire Software Price Performance

NYSE:GWRE opened at $205.34 on Friday. The business’s 50-day moving average is $182.60 and its 200 day moving average is $171.75. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $212.00. The company has a market capitalization of $17.15 billion, a P/E ratio of 570.40, a P/E/G ratio of 47.71 and a beta of 1.23. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Insider Transactions at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 2,828 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $483,757.68. Following the completion of the sale, the chief financial officer now directly owns 74,911 shares of the company’s stock, valued at $12,814,275.66. This trade represents a 3.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James Winston King sold 270 shares of Guidewire Software stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares of the company’s stock, valued at $7,981,153.92. The trade was a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,306 shares of company stock valued at $5,288,309 in the last ninety days. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus raised their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JMP Securities reiterated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. The Goldman Sachs Group initiated coverage on Guidewire Software in a research report on Thursday. They issued a “buy” rating and a $210.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating 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 issued a buy rating to the stock. According to MarketBeat.com, the stock currently 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.