Geode Capital Management LLC Boosts Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Geode Capital Management LLC grew its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 0.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,330,074 shares of the technology company's stock after buying an additional 6,223 shares during the quarter. Geode Capital Management LLC owned 1.59% of Guidewire Software worth $243,580,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GWRE. Rothschild Investment LLC purchased a new stake in Guidewire Software in the 2nd quarter worth $31,000. Assetmark Inc. grew its position in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Guidewire Software during the third quarter worth about $33,000. DT Investment Partners LLC purchased a new stake in shares of Guidewire Software during the second quarter worth about $41,000. Finally, Brooklyn Investment Group acquired a new position in shares of Guidewire Software during the 3rd quarter worth about $42,000.

Guidewire Software Trading Down 0.6 %

GWRE stock traded down $0.96 during trading on Friday, reaching $172.76. 1,095,975 shares of the stock were exchanged, compared to its average volume of 734,977. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of 479.89, a P/E/G ratio of 45.60 and a beta of 1.18. The business has a 50 day moving average price of $190.61 and a 200-day moving average price of $162.90. Guidewire Software, Inc. has a 1 year low of $95.50 and a 1 year high of $209.15.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now owns 287,662 shares of the company's stock, valued at $49,523,889.92. This represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James Winston King sold 4,514 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now directly owns 48,237 shares of the company's stock, valued at approximately $8,328,600.42. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock worth $9,116,179 in the last 90 days. Insiders own 0.48% of the company's stock.

Analyst Ratings Changes

GWRE has been the subject of several research reports. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $210.00 to $228.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Wells Fargo & Company increased their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Citigroup lifted their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. Finally, Robert W. Baird increased their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the company an "outperform" 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 eleven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $193.00.

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.