Lyell Wealth Management LP Decreases Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Lyell Wealth Management LP trimmed its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 22.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,190 shares of the technology company's stock after selling 10,000 shares during the quarter. Lyell Wealth Management LP's holdings in Guidewire Software were worth $5,932,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Atomi Financial Group Inc. lifted its stake in Guidewire Software by 22.2% in the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock worth $453,000 after acquiring an additional 488 shares in the last quarter. Donoghue Forlines LLC acquired a new position in shares of Guidewire Software in the 4th quarter valued at about $2,110,000. Icon Wealth Advisors LLC lifted its position in shares of Guidewire Software by 72.4% in the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company's stock worth $1,095,000 after purchasing an additional 2,512 shares in the last quarter. GDS Wealth Management boosted its holdings in shares of Guidewire Software by 618.5% during the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock worth $3,161,000 after purchasing an additional 16,142 shares during the period. Finally, Whale Rock Capital Management LLC grew its position in Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company's stock valued at $177,954,000 after purchasing an additional 31,512 shares in the last quarter.

Guidewire Software Trading Down 2.9 %

GWRE stock traded down $5.99 during trading on Friday, hitting $203.83. The company had a trading volume of 651,395 shares, compared to its average volume of 1,352,558. The firm has a 50-day moving average price of $190.36 and a 200-day moving average price of $181.13. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 566.19, a PEG ratio of 37.83 and a beta of 1.25. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total transaction of $297,388.00. Following the completion of the transaction, the chief executive officer now directly owns 273,330 shares in the company, valued at approximately $58,060,758.60. This trade represents a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President John P. Mullen sold 700 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $210.00, for a total transaction of $147,000.00. Following the sale, the president now directly owns 177,746 shares in the company, valued at $37,326,660. This trade represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,556 shares of company stock valued at $6,820,145. Company insiders own 0.48% of the company's stock.

Analyst Ratings Changes

GWRE has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Royal Bank of Canada increased their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted 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. Robert W. Baird upped their price objective 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. Finally, Wells Fargo & Company raised their target price on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $204.50.

About Guidewire Software

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.