Ieq Capital LLC Acquires 35,001 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Ieq Capital LLC raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 461.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,590 shares of the technology company's stock after purchasing an additional 35,001 shares during the quarter. Ieq Capital LLC owned 0.05% of Guidewire Software worth $7,180,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GWRE. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software in the fourth quarter worth approximately $25,000. Assetmark Inc. grew its holdings 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 buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software in the 3rd quarter valued at $33,000. Brooklyn Investment Group bought a new position in Guidewire Software during the 3rd quarter valued at $42,000. Finally, R Squared Ltd purchased a new position in Guidewire Software during the 4th quarter worth $47,000.

Guidewire Software Stock Performance

Shares of GWRE traded down $5.99 during mid-day trading on Friday, hitting $203.83. The stock had a trading volume of 651,395 shares, 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 moving average price of $190.36 and a 200-day moving average price of $181.13. The firm has a market cap of $17.02 billion, a P/E ratio of 566.19, a PEG ratio of 37.83 and a beta of 1.25.

Analyst Ratings Changes

Several analysts have recently commented on GWRE shares. Oppenheimer increased their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Royal Bank of Canada boosted their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. DA Davidson reaffirmed a "buy" rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus boosted their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" 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 ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $204.50.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 270 shares of Guidewire Software stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the transaction, the insider now directly owns 45,664 shares in the company, valued at approximately $7,981,153.92. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total value of $297,388.00. Following the sale, the chief executive officer now owns 273,330 shares in the company, valued at approximately $58,060,758.60. This represents a 0.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,556 shares of company stock worth $6,820,145. Company 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.