Neo Ivy Capital Management Invests $1.77 Million in Guidewire Software, Inc. (NYSE:GWRE)

Neo Ivy Capital Management bought a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,692 shares of the technology company's stock, valued at approximately $1,774,000.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company's stock worth $626,918,000 after acquiring an additional 679,558 shares during the last quarter. Linonia Partnership LP raised its holdings in Guidewire Software by 8.4% in the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company's stock worth $330,329,000 after acquiring an additional 185,077 shares during the last quarter. Geode Capital Management LLC raised its holdings in Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company's stock worth $243,580,000 after acquiring an additional 6,223 shares during the last quarter. Whale Rock Capital Management LLC raised its holdings in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company's stock worth $177,954,000 after acquiring an additional 31,512 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Guidewire Software by 7.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company's stock worth $139,839,000 after acquiring an additional 53,967 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Robert W. Baird upped their price objective on Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. BTIG Research upped their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. JMP Securities reaffirmed a "market outperform" rating and issued a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their target price 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $193.00.

Insider Buying and Selling

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the completion of the sale, the president now directly owns 190,611 shares in the company, valued at $35,773,872.48. This trade represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 23,379 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the sale, the chief executive officer now owns 287,662 shares of the company's stock, valued at approximately $49,523,889.92. This trade represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $9,116,179 in the last ninety days. 0.48% of the stock is owned by company insiders.

Guidewire Software Stock Up 0.6 %

Guidewire Software stock traded up $0.98 during midday trading on Wednesday, reaching $172.32. The stock had a trading volume of 453,281 shares, compared to its average volume of 728,501. Guidewire Software, Inc. has a 52-week low of $95.02 and a 52-week high of $209.15. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 475.97, a price-to-earnings-growth ratio of 45.93 and a beta of 1.18. The company has a fifty day moving average of $191.21 and a 200 day moving average of $161.80.

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.