Investors Buy Large Volume of Call Options on Guidewire Software (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 1,297 call options on the stock. This represents an increase of approximately 1,563% compared to the average daily volume of 78 call options.

Analyst Ratings Changes

GWRE has been the subject of a number of analyst reports. DA Davidson restated a "buy" rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Royal Bank of Canada upped 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Guidewire Software presently has an average rating of "Moderate Buy" and an average price target of $204.50.

Guidewire Software Trading Down 2.5 %

Shares of GWRE stock traded down $5.23 during trading hours on Friday, hitting $204.59. 281,252 shares of the company were exchanged, compared to its average volume of 1,341,344. The firm has a market cap of $17.09 billion, a PE ratio of 568.32, a PEG ratio of 37.83 and a beta of 1.25. Guidewire Software has a 1 year low of $107.00 and a 1 year 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. The firm has a fifty day moving average of $189.74 and a 200 day moving average of $180.69.

Insider Transactions at Guidewire Software

In related news, CFO Jeffrey Elliott Cooper sold 300 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $52,434.00. Following the completion of the sale, the chief financial officer now owns 73,494 shares in the company, valued at $12,845,281.32. This represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Winston King sold 270 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $47,190.60. Following the completion of the sale, the insider now owns 45,664 shares of the company's stock, valued at approximately $7,981,153.92. This trade represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,556 shares of company stock worth $6,820,145. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Guidewire Software by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock worth $1,425,434,000 after acquiring an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after buying an additional 1,009,966 shares during the period. Stockbridge Partners LLC raised its holdings in Guidewire Software by 8.3% in the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock valued at $451,602,000 after buying an additional 205,382 shares during the period. Artisan Partners Limited Partnership raised its holdings in Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after buying an additional 291,774 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Guidewire Software by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock valued at $226,701,000 after buying an additional 12,697 shares during the period.

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.