Angeles Wealth Management LLC trimmed its stake in Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 4.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,432 shares of the technology company’s stock after selling 124 shares during the period. Angeles Wealth Management LLC’s holdings in Guidewire Software were worth $573,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. raised its stake in shares of Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company’s stock valued at $25,000 after acquiring an additional 105 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software in the 1st quarter valued at approximately $25,000. Quarry LP bought a new position in shares of Guidewire Software in the 1st quarter valued at approximately $28,000. Rise Advisors LLC bought a new position in shares of Guidewire Software in the 1st quarter valued at approximately $31,000. Finally, Brooklyn Investment Group raised its stake in shares of Guidewire Software by 38.3% in the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company’s stock valued at $42,000 after acquiring an additional 62 shares in the last quarter.
Guidewire Software Price Performance
Shares of NYSE:GWRE opened at $244.66 on Friday. Guidewire Software, Inc. has a 1-year low of $165.08 and a 1-year high of $272.60. The firm has a market capitalization of $20.68 billion, a PE ratio of 305.83 and a beta of 1.21. The business’s 50 day moving average is $231.20 and its 200-day moving average is $222.14. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.46.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. The Goldman Sachs Group lifted their price target on Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Robert W. Baird lifted their price target on Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Citigroup lifted their price target on Guidewire Software from $247.00 to $267.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their price target on Guidewire Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $274.08.
Read Our Latest Stock Report on GWRE
Insider Activity at Guidewire Software
In other news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $239.71, for a total transaction of $335,594.00. Following the sale, the chief executive officer owned 259,358 shares of the company’s stock, valued at approximately $62,170,706.18. This trade represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Winston King sold 7,162 shares of Guidewire Software stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $248.82, for a total value of $1,782,048.84. Following the sale, the insider directly owned 38,615 shares in the company, valued at $9,608,184.30. The trade was a 15.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 112,945 shares of company stock worth $27,077,616 in the last three months. Company 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.
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