Buckhead Capital Management LLC Sells 6,965 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Buckhead Capital Management LLC lessened its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,367 shares of the technology company's stock after selling 6,965 shares during the quarter. Guidewire Software makes up about 1.9% of Buckhead Capital Management LLC's investment portfolio, making the stock its 13th biggest position. Buckhead Capital Management LLC's holdings in Guidewire Software were worth $5,794,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GWRE. Hanseatic Management Services Inc. grew its stake in shares of Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company's stock valued at $91,000 after buying an additional 58 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after acquiring an additional 60 shares in the last quarter. CIBC Asset Management Inc grew its position in Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company's stock valued at $448,000 after acquiring an additional 87 shares in the last quarter. Signaturefd LLC grew its holdings in Guidewire Software by 2.4% during the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company's stock valued at $1,107,000 after purchasing an additional 139 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after purchasing an additional 145 shares in the last quarter.

Analyst Ratings Changes

GWRE has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Robert W. Baird raised their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. JMP Securities reissued a "market outperform" rating and set a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Royal Bank of Canada raised their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. One investment 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.50.

Insider Buying and Selling at Guidewire Software

In other news, insider James Winston King sold 1,509 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the sale, the insider now owns 46,728 shares in the company, valued at approximately $7,993,291.68. This represents a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the sale, the president now owns 189,261 shares of the company's stock, valued at $37,420,684.92. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,506 shares of company stock valued at $6,789,679. 0.48% of the stock is owned by insiders.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded down $4.36 during trading on Monday, hitting $212.28. The stock had a trading volume of 880,078 shares, compared to its average volume of 1,661,625. The business has a fifty day moving average of $187.28 and a two-hundred day moving average of $179.76. The firm has a market cap of $17.73 billion, a P/E ratio of 589.67, a PEG ratio of 56.59 and a beta of 1.25. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two 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.

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.