GDS Wealth Management Has $3.16 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

GDS Wealth Management boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 618.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,752 shares of the technology company's stock after buying an additional 16,142 shares during the period. GDS Wealth Management's holdings in Guidewire Software were worth $3,161,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Guidewire Software by 17.1% in the second quarter. The Manufacturers Life Insurance Company now owns 23,660 shares of the technology company's stock worth $3,262,000 after buying an additional 3,462 shares during the period. Creative Planning lifted its stake in Guidewire Software by 26.1% in the 2nd quarter. Creative Planning now owns 13,211 shares of the technology company's stock worth $1,822,000 after acquiring an additional 2,731 shares in the last quarter. Cetera Investment Advisers boosted its position in Guidewire Software by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 18,489 shares of the technology company's stock worth $2,549,000 after acquiring an additional 372 shares during the period. Sanctuary Advisors LLC purchased a new position in Guidewire Software during the 2nd quarter valued at about $429,000. Finally, GAMMA Investing LLC grew its stake in Guidewire Software by 21.8% during the 3rd quarter. GAMMA Investing LLC now owns 926 shares of the technology company's stock valued at $169,000 after acquiring an additional 166 shares in the last quarter.

Guidewire Software Stock Down 1.9 %

Shares of NYSE GWRE traded down $4.19 during mid-day trading on Friday, reaching $213.48. 871,740 shares of the company traded hands, compared to its average volume of 1,529,580. The company's fifty day moving average is $184.89 and its two-hundred day moving average is $176.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.49. The stock has a market cap of $17.83 billion, a PE ratio of 593.01, a price-to-earnings-growth ratio of 54.93 and a beta of 1.25.

Insider Buying and Selling at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 2,828 shares of the company'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 $483,757.68. Following the completion of the transaction, the chief financial officer now directly owns 74,911 shares in the company, valued at $12,814,275.66. The trade was a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President John P. Mullen sold 1,350 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was 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 approximately $37,420,684.92. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,106 shares of company stock worth $6,489,127 over the last 90 days. Insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Oppenheimer increased their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Stifel Nicolaus increased their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, December 6th. Wells Fargo & Company increased their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Royal Bank of Canada boosted their target price on Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $202.00.

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.