Virtu Financial LLC Increases Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Virtu Financial LLC grew its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 649.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,650 shares of the technology company's stock after acquiring an additional 12,695 shares during the quarter. Virtu Financial LLC's holdings in Guidewire Software were worth $2,680,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Neo Ivy Capital Management acquired a new stake in shares of Guidewire Software during the third quarter worth approximately $1,774,000. Coldstream Capital Management Inc. lifted its position in Guidewire Software by 11.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,814 shares of the technology company's stock valued at $335,000 after purchasing an additional 182 shares during the period. Geode Capital Management LLC boosted its stake in Guidewire Software by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company's stock valued at $243,580,000 after acquiring an additional 6,223 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Guidewire Software by 0.7% during the third quarter. Orion Portfolio Solutions LLC now owns 21,302 shares of the technology company's stock worth $3,897,000 after purchasing an additional 149 shares during the period. Finally, XTX Topco Ltd increased its stake in shares of Guidewire Software by 836.8% in the 3rd quarter. XTX Topco Ltd now owns 14,221 shares of the technology company's stock valued at $2,602,000 after acquiring an additional 12,703 shares during the last quarter.

Wall Street Analyst Weigh In

GWRE has been the topic of a number of research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, December 6th. BTIG Research increased their price objective on Guidewire Software from $140.00 to $165.00 and gave the company a "buy" rating in a report on Friday, August 30th. Wells Fargo & Company boosted their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Royal Bank of Canada increased their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, JMP Securities restated a "market outperform" rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $193.00.

Insider Transactions at Guidewire Software

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

Guidewire Software Stock Up 2.8 %

Shares of GWRE stock traded up $4.82 during trading hours on Thursday, hitting $175.51. 690,680 shares of the company's stock traded hands, compared to its average volume of 730,407. The stock has a market cap of $14.66 billion, a PE ratio of 473.94, a price-to-earnings-growth ratio of 45.93 and a beta of 1.18. Guidewire Software, Inc. has a 12 month low of $95.50 and a 12 month high of $209.15. The stock's 50 day simple moving average is $191.01 and its 200 day simple moving average is $161.87.

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.