Union Bancaire Privee UBP SA Takes $2.98 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

Union Bancaire Privee UBP SA bought a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the 4th quarter, HoldingsChannel reports. The fund bought 18,070 shares of the technology company’s stock, valued at approximately $2,979,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software in the fourth quarter valued at about $25,000. Assetmark Inc. lifted its stake in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Guidewire Software in the third quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in Guidewire Software during the third quarter worth about $42,000. Finally, R Squared Ltd acquired a new position in Guidewire Software during the fourth quarter worth about $47,000.

Guidewire Software Price Performance

Guidewire Software stock opened at $203.83 on Monday. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The firm has a 50 day moving average price of $190.36 and a 200 day moving average price of $181.70. The company has a market cap of $17.02 billion, a price-to-earnings ratio of 566.19, a PEG ratio of 37.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Insider Activity at Guidewire Software

In related news, President John P. Mullen sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $208.79, for a total value of $626,370.00. Following the completion of the sale, the president now directly owns 174,746 shares in the company, valued at approximately $36,485,217.34. The trade was a 1.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total transaction of $297,388.00. Following the sale, the chief executive officer now owns 273,330 shares of the company’s stock, valued at approximately $58,060,758.60. This represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,556 shares of company stock worth $6,820,145. 0.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of research reports. Oppenheimer lifted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. The Goldman Sachs Group lifted their target price 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. Royal Bank of Canada lifted their target price 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. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their target price 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $204.50.

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.