Westwind Capital Grows Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Westwind Capital grew its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,551 shares of the technology company’s stock after acquiring an additional 1,306 shares during the period. Guidewire Software comprises about 2.8% of Westwind Capital’s investment portfolio, making the stock its 18th biggest holding. Westwind Capital owned approximately 0.09% of Guidewire Software worth $12,905,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Icon Wealth Advisors LLC raised its position in shares of Guidewire Software by 72.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after purchasing an additional 2,512 shares in the last quarter. Whale Rock Capital Management LLC boosted its stake in Guidewire Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares during the last quarter. Cerity Partners LLC increased its position in shares of Guidewire Software by 326.8% in the 3rd quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after purchasing an additional 16,692 shares during the last quarter. Xponance Inc. lifted its position in shares of Guidewire Software by 79.8% during the second quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after purchasing an additional 3,066 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its stake in Guidewire Software by 219.5% in the third quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock worth $1,139,000 after purchasing an additional 4,161 shares in the last quarter.

Guidewire Software Stock Down 0.3 %

Shares of GWRE stock traded down $0.55 on Tuesday, reaching $169.90. 385,811 shares of the company’s stock traded hands, compared to its average volume of 812,882. The business’s 50 day moving average price is $185.89 and its two-hundred day moving average price is $167.89. The company has a market capitalization of $14.19 billion, a P/E ratio of 471.94, a price-to-earnings-growth ratio of 46.15 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. Guidewire Software, Inc. has a 12-month low of $105.31 and a 12-month high of $209.15.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company lifted their target price on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird increased their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Oppenheimer lifted their target price on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.00.

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 value of $1,014,727.92. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 value of $230,080.50. Following the sale, the president now directly owns 180,746 shares of the company’s stock, valued at $30,804,540.78. The trade was a 0.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,347 shares of company stock worth $4,057,594 in the last ninety days. Corporate insiders own 0.48% of the company’s stock.

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.