SG Americas Securities LLC Acquires 25,375 Shares of Guidewire Software, Inc. (NYSE:GWRE)

SG Americas Securities LLC boosted its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 700.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,000 shares of the technology company's stock after buying an additional 25,375 shares during the quarter. SG Americas Securities LLC's holdings in Guidewire Software were worth $4,889,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Guidewire Software in the 4th quarter valued at $25,000. Assetmark Inc. increased its position in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after acquiring an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new stake in Guidewire Software in the 3rd quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in shares of Guidewire Software during the 3rd quarter worth approximately $42,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Guidewire Software during the second quarter worth approximately $55,000.

Wall Street Analyst Weigh In

Several analysts have recently commented on GWRE shares. Stifel Nicolaus boosted their target price on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. The Goldman Sachs Group began coverage on shares of Guidewire Software in a research note on Thursday. They issued a "buy" rating and a $210.00 price objective on the stock. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, December 6th. Finally, Royal Bank of Canada lifted their price target 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 eleven have assigned a buy rating to the stock. According to MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus price target of $196.08.

Guidewire Software Trading Up 0.4 %

NYSE GWRE traded up $0.74 during trading on Friday, hitting $205.34. The company had a trading volume of 13,926,135 shares, compared to its average volume of 655,575. The company's fifty day moving average is $182.60 and its 200-day moving average is $171.52. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $212.00. 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 company has a market cap of $17.15 billion, a price-to-earnings ratio of 570.40, a price-to-earnings-growth ratio of 47.71 and a beta of 1.23.

Insider Activity

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the sale, the president now directly owns 189,261 shares of the company's stock, valued at approximately $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $179.91, for a total value of $251,874.00. Following the completion of the transaction, the chief executive officer now directly owns 278,930 shares of the company's stock, valued at approximately $50,182,296.30. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,306 shares of company stock worth $5,288,309. Corporate insiders own 0.48% of the company's stock.

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.