Guidewire Software, Inc. (NYSE:GWRE) Shares Bought by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 238,790 shares of the technology company's stock after purchasing an additional 3,715 shares during the period. Conestoga Capital Advisors LLC owned 0.29% of Guidewire Software worth $40,255,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GWRE. Chicago Partners Investment Group LLC bought a new position in Guidewire Software during the fourth quarter valued at $336,000. Custom Index Systems LLC bought a new position in shares of Guidewire Software during the 4th quarter worth $436,000. Gries Financial LLC increased its holdings in Guidewire Software by 20.0% in the 4th quarter. Gries Financial LLC now owns 1,511 shares of the technology company's stock worth $255,000 after acquiring an additional 252 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Guidewire Software by 192.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company's stock valued at $22,635,000 after acquiring an additional 88,304 shares during the period. Finally, R Squared Ltd purchased a new stake in Guidewire Software during the fourth quarter valued at about $47,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. DA Davidson reiterated a "buy" rating and issued a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. Royal Bank of Canada upped their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted 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. JMP Securities restated a "market outperform" rating and issued a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Stifel Nicolaus lifted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and an average target price of $202.00.

Guidewire Software Trading Down 0.4 %

Shares of GWRE traded down $0.82 during trading hours on Thursday, hitting $217.41. The company had a trading volume of 775,523 shares, compared to its average volume of 1,556,993. The firm has a market cap of $18.16 billion, a P/E ratio of 603.90, a P/E/G ratio of 54.93 and a beta of 1.25. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.49. The stock's 50 day moving average price is $184.68 and its 200 day moving average price is $176.02. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Insider Activity

In other news, President John P. Mullen sold 7,165 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the sale, the president now directly owns 182,096 shares of the company's stock, valued at approximately $31,149,341.76. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software 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 directly owns 281,730 shares of the company's stock, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,106 shares of company stock valued at $6,489,127. 0.48% of the stock is currently owned by company insiders.

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.