Amalgamated Bank Has $874,000 Stake in Guidewire Software, Inc. (NYSE:GWRE)

Amalgamated Bank grew its stake in Guidewire Software, Inc. (NYSE:GWRE) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,182 shares of the technology company’s stock after purchasing an additional 340 shares during the period. Amalgamated Bank’s holdings in Guidewire Software were worth $874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Atomi Financial Group Inc. boosted its position in Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after buying an additional 488 shares in the last quarter. Donoghue Forlines LLC bought a new position in shares of Guidewire Software in the 4th quarter valued at $2,110,000. Icon Wealth Advisors LLC boosted its holdings in shares of Guidewire Software by 72.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after acquiring an additional 2,512 shares in the last quarter. GDS Wealth Management grew its position in Guidewire Software by 618.5% during the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after acquiring an additional 16,142 shares during the last quarter. Finally, Whale Rock Capital Management LLC increased its holdings in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after purchasing an additional 31,512 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Michael C. Keller sold 1,939 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was 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 of the company’s stock, valued at $2,467,544.04. The trade was a 12.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total value of $284,382.00. Following the completion of the transaction, the chief executive officer now owns 270,530 shares in the company, valued at approximately $54,952,758.90. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,356 shares of company stock worth $7,389,637. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Stock Down 2.5 %

Shares of Guidewire Software stock opened at $196.38 on Tuesday. The stock’s 50-day moving average is $193.07 and its 200 day moving average is $183.61. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The firm has a market cap of $16.40 billion, a price-to-earnings ratio of 545.50, a PEG ratio of 37.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. 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. DA Davidson restated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group increased their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.50.

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.