KBC Group NV Buys 19,116 Shares of Guidewire Software, Inc. (NYSE:GWRE)

KBC Group NV increased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 916.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,203 shares of the technology company's stock after acquiring an additional 19,116 shares during the period. KBC Group NV's holdings in Guidewire Software were worth $3,574,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new position in Guidewire Software during the fourth quarter worth $25,000. Assetmark Inc. grew its holdings in shares of 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 last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software during the 3rd quarter worth about $33,000. Brooklyn Investment Group bought a new position in Guidewire Software during the 3rd quarter valued at about $42,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after purchasing an additional 60 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GWRE. The Goldman Sachs Group initiated coverage on shares of Guidewire Software in a research note on Thursday, January 23rd. They set a "buy" rating and a $210.00 price objective on the stock. Stifel Nicolaus raised their price target on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. DA Davidson reiterated a "buy" rating and issued a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. Wells Fargo & Company increased their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their price target on Guidewire Software from $210.00 to $228.00 and gave the company an "overweight" rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $202.00.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the transaction, the chief executive officer now owns 281,730 shares in the company, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President John P. Mullen sold 3,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $208.79, for a total value of $626,370.00. Following the transaction, the president now owns 174,746 shares of the company's stock, valued at $36,485,217.34. The trade was a 1.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,106 shares of company stock valued at $6,489,127. 0.48% of the stock is currently owned by insiders.

Guidewire Software Trading Up 2.1 %

Shares of NYSE GWRE traded up $4.47 during mid-day trading on Tuesday, hitting $217.15. The company's stock had a trading volume of 940,885 shares, compared to its average volume of 1,624,440. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $218.01. The company's fifty day simple moving average is $184.05 and its 200-day simple moving average is $175.43. 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 stock has a market cap of $18.14 billion, a price-to-earnings ratio of 603.19, a price-to-earnings-growth ratio of 54.93 and a beta of 1.25.

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.