Alberta Investment Management Corp Trims Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Alberta Investment Management Corp lessened its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 38.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,907 shares of the technology company's stock after selling 13,094 shares during the quarter. Alberta Investment Management Corp's holdings in Guidewire Software were worth $3,525,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of Guidewire Software during the 4th quarter worth $25,000. Assetmark Inc. raised its holdings in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new position in Guidewire Software during the third quarter valued at $33,000. Brooklyn Investment Group bought a new stake in Guidewire Software during the third quarter valued at about $42,000. Finally, R Squared Ltd purchased a new stake in Guidewire Software in the fourth quarter worth about $47,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GWRE. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Wells Fargo & Company increased their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Oppenheimer lifted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, Robert W. Baird upped their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus target price of $204.50.

Insider Activity at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the sale, the chief executive officer now directly owns 274,730 shares in the company, valued at $58,979,036.40. The trade was a 0.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President John P. Mullen sold 7,165 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the transaction, the president now directly owns 182,096 shares of the company's stock, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,556 shares of company stock valued at $6,820,145. Insiders own 0.48% of the company's stock.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded down $5.99 during trading on Friday, reaching $203.83. 651,395 shares of the stock traded hands, compared to its average volume of 1,352,558. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The business has a fifty day simple moving average of $190.36 and a two-hundred day simple moving average of $181.13. The company has a market capitalization of $17.02 billion, a price-to-earnings ratio of 566.19, a P/E/G ratio of 37.83 and a beta of 1.25.

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.