GWRE has been the topic of several other research reports. Zacks Investment Research lowered Guidewire Software from a hold rating to a sell rating in a research note on Monday, January 8th. TheStreet lowered Guidewire Software from a b rating to a c+ rating in a research note on Wednesday, November 29th. Deutsche Bank reaffirmed a buy rating and issued a $85.00 price target on shares of Guidewire Software in a research note on Thursday, November 30th. Stifel Nicolaus upped their price target on Guidewire Software from $78.00 to $88.00 and gave the company a hold rating in a research note on Wednesday, March 7th. Finally, KeyCorp reaffirmed a buy rating and issued a $91.00 price target on shares of Guidewire Software in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Guidewire Software has an average rating of Buy and a consensus price target of $83.90.
Shares of Guidewire Software (NYSE GWRE) opened at $87.95 on Thursday. The stock has a market capitalization of $6,628.10, a price-to-earnings ratio of 274.84 and a beta of 1.08. Guidewire Software has a twelve month low of $54.74 and a twelve month high of $92.65.
In related news, CFO Richard Hart sold 375 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $82.50, for a total transaction of $30,937.50. Following the transaction, the chief financial officer now owns 3,819 shares of the company’s stock, valued at approximately $315,067.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Craig Conway sold 600 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $73.49, for a total value of $44,094.00. Following the transaction, the director now directly owns 10,904 shares in the company, valued at approximately $801,334.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,712 shares of company stock worth $7,012,670. 0.69% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GWRE. Dimensional Fund Advisors LP lifted its stake in Guidewire Software by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 213,546 shares of the technology company’s stock worth $14,673,000 after acquiring an additional 7,613 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Guidewire Software by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,205 shares of the technology company’s stock worth $151,000 after acquiring an additional 150 shares in the last quarter. First Trust Advisors LP lifted its stake in Guidewire Software by 3,290.9% during the 3rd quarter. First Trust Advisors LP now owns 105,797 shares of the technology company’s stock worth $8,237,000 after acquiring an additional 102,677 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in Guidewire Software during the 3rd quarter worth about $234,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in Guidewire Software by 3.1% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 78,811 shares of the technology company’s stock worth $6,136,000 after acquiring an additional 2,340 shares in the last quarter.
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About Guidewire Software
Guidewire Software, Inc is a provider of software products for property and casualty (P&C) insurers. The Company’s software serves as a technology platform for P&C insurance carriers. The Company’s InsurancePlatform consists of three elements: core transaction processing, data management and analytics, and digital engagement.
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