Ieq Capital LLC Increases Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Ieq Capital LLC increased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 461.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,590 shares of the technology company’s stock after purchasing an additional 35,001 shares during the quarter. Ieq Capital LLC owned 0.05% of Guidewire Software worth $7,180,000 as of its most recent filing with the SEC.

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

Insider Transactions at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 270 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the sale, the insider now owns 45,664 shares of the company’s stock, valued at approximately $7,981,153.92. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software 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 sale, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,556 shares of company stock worth $6,820,145 over the last quarter. Company insiders own 0.48% of the company’s stock.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $209.78 on Friday. 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 fifty day moving average price of $189.74 and a two-hundred day moving average price of $180.69. The stock has a market cap of $17.52 billion, a P/E ratio of 582.72, a P/E/G ratio of 38.20 and a beta of 1.25. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59.

Analysts Set New Price Targets

GWRE has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price target on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Wells Fargo & Company lifted their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. The Goldman Sachs Group boosted 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. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.