Michael C. Keller Sells 1,939 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) Director Michael C. Keller sold 1,939 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $338,898.42. Following the completion of the transaction, the director now owns 14,118 shares of the company’s stock, valued at approximately $2,467,544.04. This trade represents a 12.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Guidewire Software Trading Up 3.2 %

NYSE:GWRE opened at $180.01 on Friday. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $209.15. 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 stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 500.03, a PEG ratio of 44.47 and a beta of 1.23. The firm has a fifty day simple moving average of $183.32 and a two-hundred day simple moving average of $169.45.

Institutional Trading of Guidewire Software

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in Guidewire Software in the fourth quarter worth approximately $25,000. Assetmark Inc. lifted its holdings in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software in the 3rd quarter valued at $33,000. Brooklyn Investment Group bought a new stake in Guidewire Software during the 3rd quarter valued at $42,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after buying an additional 60 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GWRE. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Royal Bank of Canada raised their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their price target on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird increased their price target on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Stifel Nicolaus upped their target price on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $193.00.

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.