Empowered Funds LLC Buys New Shares in Guidewire Software, Inc. (NYSE:GWRE)

Empowered Funds LLC acquired a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 39,478 shares of the technology company's stock, valued at approximately $6,655,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its holdings 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 valued at $626,918,000 after buying an additional 679,558 shares during the period. International Assets Investment Management LLC increased its holdings in Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company's stock valued at $472,220,000 after buying an additional 256,702 shares during the period. Point72 Asset Management L.P. bought a new position in Guidewire Software in the 3rd quarter valued at about $26,501,000. Janus Henderson Group PLC increased its holdings in Guidewire Software by 355.8% in the 3rd quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company's stock valued at $29,719,000 after buying an additional 126,806 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings 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 valued at $27,501,000 after buying an additional 118,369 shares during the period.

Analysts Set New Price Targets

GWRE has been the topic of several recent analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Friday, December 6th. DA Davidson reissued a "buy" rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday. JMP Securities reissued a "market outperform" rating and issued a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Finally, Stifel Nicolaus lifted their price target on shares of 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 given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $204.50.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the sale, the chief executive officer now directly owns 274,730 shares of the company's stock, valued at $58,979,036.40. The trade was a 0.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President John P. Mullen sold 7,165 shares of the business'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 transaction of $1,225,644.90. Following the sale, the president now directly owns 182,096 shares in the company, valued at $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,506 shares of company stock valued at $6,789,679 in the last ninety days. 0.48% of the stock is currently owned by insiders.

Guidewire Software Trading Down 2.0 %

GWRE traded down $4.36 during trading on Friday, reaching $212.28. 880,078 shares of the company's stock were exchanged, compared to its average volume of 1,420,799. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. 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 $17.73 billion, a PE ratio of 589.67, a price-to-earnings-growth ratio of 56.59 and a beta of 1.25. The firm has a fifty day moving average price of $186.52 and a two-hundred day moving average price of $178.90.

Guidewire Software 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.