Diversify Wealth Management LLC Sells 232 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Diversify Wealth Management LLC lowered its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,386 shares of the technology company’s stock after selling 232 shares during the quarter. Diversify Wealth Management LLC’s holdings in Guidewire Software were worth $579,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Guidewire Software during the fourth quarter valued at $25,000. Assetmark Inc. increased its holdings in 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 last quarter. Point72 Hong Kong Ltd bought a new stake in Guidewire Software in the third quarter valued at about $33,000. Brooklyn Investment Group bought a new stake in Guidewire Software in the third quarter valued at about $42,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after purchasing an additional 60 shares during the last quarter.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software 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 sale, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President John P. Mullen sold 7,165 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the sale, the president now directly owns 182,096 shares of the company’s stock, valued at approximately $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,606 shares of company stock valued at $5,141,309 over the last three months. Insiders own 0.48% of the company’s stock.

Guidewire Software Stock Performance

GWRE opened at $181.54 on Wednesday. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $209.15. The stock has a market cap of $15.16 billion, a price-to-earnings ratio of 504.27, a PEG ratio of 46.43 and a beta of 1.23. The business has a 50 day moving average of $182.37 and a 200-day moving average of $170.73. 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 Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Royal Bank of Canada increased their price target on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Robert W. Baird increased their price objective on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

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.