Trust Point Inc. Increases Position in Guidewire Software, Inc. (NYSE:GWRE)

Trust Point Inc. lifted its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,976 shares of the technology company's stock after buying an additional 1,699 shares during the quarter. Trust Point Inc.'s holdings in Guidewire Software were worth $1,513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. raised its position in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Guidewire Software during the 3rd quarter valued at $33,000. Brooklyn Investment Group purchased a new stake in shares of Guidewire Software in the 3rd quarter worth $42,000. Finally, R Squared Ltd purchased a new position in shares of Guidewire Software during the fourth quarter valued at $47,000.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,932 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. The trade was a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 7,165 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the sale, the president now directly owns 182,096 shares in the company, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,106 shares of company stock worth $6,489,127. Company insiders own 0.48% of the company's stock.

Guidewire Software Stock Performance

GWRE stock traded down $4.19 during trading on Friday, reaching $213.48. The company had a trading volume of 871,740 shares, compared to its average volume of 1,529,580. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 593.01, a price-to-earnings-growth ratio of 54.93 and a beta of 1.25. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.49. 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 firm has a 50-day simple moving average of $184.89 and a 200-day simple moving average of $176.50.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GWRE shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, December 6th. Stifel Nicolaus upped their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. The Goldman Sachs Group began coverage on shares of Guidewire Software in a report on Thursday, January 23rd. They set a "buy" rating and a $210.00 price objective on the stock. Wells Fargo & Company upped 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, JMP Securities reiterated a "market outperform" rating and issued a $231.00 price target on shares of Guidewire Software 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 ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $202.00.

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.