Handelsbanken Fonder AB Acquires 3,800 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Handelsbanken Fonder AB grew its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 22.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,395 shares of the technology company’s stock after buying an additional 3,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Guidewire Software were worth $3,438,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in shares of Guidewire Software during the 4th quarter worth about $25,000. Assetmark Inc. increased its stake in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software during the 3rd quarter worth about $33,000. Brooklyn Investment Group acquired a new position in shares of Guidewire Software during the 3rd quarter worth about $42,000. Finally, R Squared Ltd acquired a new position in shares of Guidewire Software during the 4th quarter worth about $47,000.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $170.43, for a total transaction of $230,080.50. Following the sale, the president now directly owns 180,746 shares of the company’s stock, valued at approximately $30,804,540.78. This trade represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,556 shares of company stock worth $6,820,145 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $203.83 on Monday. The company’s 50 day moving average price is $190.36 and its two-hundred day moving average price is $181.70. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The firm has a market cap of $17.02 billion, a PE ratio of 566.19, a PEG ratio of 37.21 and a beta of 1.25. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating 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 company a “buy” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada upped their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $204.50.

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.