Legato Capital Management LLC cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 53.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,220 shares of the technology company's stock after selling 2,520 shares during the quarter. Legato Capital Management LLC's holdings in Guidewire Software were worth $374,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in shares of Guidewire Software during the fourth quarter worth approximately $25,000. Assetmark Inc. raised its stake in shares of 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 in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Guidewire Software during the third quarter worth approximately $33,000. Brooklyn Investment Group purchased a new position in shares of Guidewire Software during the third quarter worth approximately $42,000. Finally, R Squared Ltd bought a new position in shares of Guidewire Software in the fourth quarter worth approximately $47,000.
Insider Transactions at Guidewire Software
In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the transaction, the chief executive officer now owns 274,730 shares of the company's stock, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Winston King sold 1,509 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $258,129.54. Following the completion of the transaction, the insider now directly owns 46,728 shares of the company's stock, valued at approximately $7,993,291.68. This trade represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,506 shares of company stock valued at $6,789,679 in the last quarter. 0.48% of the stock is owned by insiders.
Guidewire Software Stock Up 0.5 %
Shares of GWRE traded up $1.09 during trading hours on Tuesday, hitting $213.24. The company had a trading volume of 228,128 shares, compared to its average volume of 1,381,203. The firm has a fifty day moving average price of $187.28 and a 200-day moving average price of $179.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market capitalization of $17.81 billion, a price-to-earnings ratio of 592.36, a P/E/G ratio of 56.59 and a beta of 1.25. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on GWRE shares. DA Davidson restated a "buy" rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, December 6th. Wells Fargo & Company raised their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Oppenheimer raised their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Finally, Robert W. Baird raised 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 analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $204.50.
Check Out Our Latest Analysis on GWRE
Guidewire Software Company Profile
(
Free Report)
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.
Read More
Before you consider Guidewire Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Guidewire Software wasn't on the list.
While Guidewire Software currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
