Geode Capital Management LLC increased its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,330,074 shares of the technology company's stock after acquiring an additional 6,223 shares during the period. Geode Capital Management LLC owned approximately 1.59% of Guidewire Software worth $243,580,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in GWRE. Mirae Asset Global Investments Co. Ltd. lifted its position 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 worth $63,000 after purchasing an additional 60 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company's stock valued at $283,000 after buying an additional 79 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company's stock valued at $448,000 after buying an additional 87 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Guidewire Software by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company's stock worth $1,252,000 after acquiring an additional 116 shares during the period. Finally, Legacy Advisors LLC raised its position in Guidewire Software by 1.6% in the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company's stock worth $1,148,000 after acquiring an additional 135 shares in the last quarter.
Shares of GWRE opened at $172.76 on Friday. The company has a market capitalization of $14.43 billion, a PE ratio of 479.89, a PEG ratio of 45.60 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. The company's 50 day moving average price is $190.61 and its 200 day moving average price is $162.60. Guidewire Software, Inc. has a 52 week low of $95.50 and a 52 week high of $209.15.
Several equities analysts have recently issued reports on GWRE shares. Wells Fargo & Company lifted their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Citigroup upped their price target on Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, September 9th. DA Davidson reaffirmed a "buy" rating and set a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. Oppenheimer increased their price target on Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $193.00.
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In other news, CEO Michael George Rosenbaum sold 23,379 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares of the company's stock, valued at $49,523,889.92. This trade represents a 7.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President John P. Mullen sold 1,350 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the president now directly owns 189,261 shares of the company's stock, valued at approximately $37,420,684.92. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock worth $9,116,179 in the last ninety days. Corporate insiders own 0.48% of the company's stock.
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.
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