Union Bancaire Privee UBP SA Purchases Shares of 18,070 Guidewire Software, Inc. (NYSE:GWRE)

Union Bancaire Privee UBP SA acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 18,070 shares of the technology company's stock, valued at approximately $2,979,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company's stock valued at $626,918,000 after acquiring an additional 679,558 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Guidewire Software by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company's stock valued at $243,580,000 after purchasing an additional 6,223 shares during the last quarter. Whale Rock Capital Management LLC grew its position in shares of 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. Jacobs Levy Equity Management Inc. grew its position in shares of Guidewire Software by 7.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company's stock valued at $139,839,000 after purchasing an additional 53,967 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Guidewire Software by 65.7% in the second quarter. AQR Capital Management LLC now owns 291,907 shares of the technology company's stock worth $40,251,000 after purchasing an additional 115,757 shares during the last quarter.

Guidewire Software Trading Down 1.6 %

Guidewire Software stock traded down $3.30 during midday trading on Monday, reaching $202.66. The stock had a trading volume of 1,698,164 shares, compared to its average volume of 1,824,342. 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 market cap of $16.93 billion, a price-to-earnings ratio of 562.93, a price-to-earnings-growth ratio of 47.71 and a beta of 1.23. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $212.00. The company has a fifty day moving average of $182.77 and a 200 day moving average of $172.45.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GWRE. Wells Fargo & Company increased their price target on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Oppenheimer raised their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Royal Bank of Canada boosted their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. JMP Securities reiterated a "market outperform" rating and set a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $196.08.

Insider Buying and Selling

In related news, insider James Winston King sold 1,509 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the sale, the insider now owns 46,728 shares in the company, valued at $7,993,291.68. This trade represents a 3.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the company's stock in a transaction dated Tuesday, December 17th. The stock was 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 owns 281,730 shares in the company, valued at $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 30,306 shares of company stock valued at $5,288,309. Insiders own 0.48% of the company's stock.

Guidewire Software Profile

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.