Guidewire Software, Inc. (NYSE:GWRE) Holdings Trimmed by Linscomb Wealth Inc.

Linscomb Wealth Inc. reduced its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,500 shares of the technology company’s stock after selling 217 shares during the quarter. Linscomb Wealth Inc.’s holdings in Guidewire Software were worth $590,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GWRE. Versant Capital Management Inc acquired a new stake in Guidewire Software during the 4th quarter worth about $25,000. Assetmark Inc. grew its position in Guidewire Software by 537.0% during 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 in the last quarter. Point72 Hong Kong Ltd acquired a new position in Guidewire Software in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new stake in Guidewire Software in the 3rd quarter worth approximately $42,000. Finally, R Squared Ltd purchased a new stake in Guidewire Software in the 4th quarter worth approximately $47,000.

Analyst Upgrades and Downgrades

GWRE has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. DA Davidson restated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. Royal Bank of Canada lifted their target price 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. JMP Securities restated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Stifel Nicolaus boosted their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One equities 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 company’s stock. According to MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $204.50.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $201.16 on Friday. The firm has a fifty day moving average price of $192.56 and a two-hundred day moving average price of $182.71. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market cap of $16.80 billion, a PE ratio of 558.78, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 2.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael C. Keller sold 1,939 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $338,898.42. Following the completion of the sale, the director now directly owns 14,118 shares in the company, valued at approximately $2,467,544.04. This represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,956 shares of company stock worth $7,105,255. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Company 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.