Smith Group Asset Management LLC Sells 620 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Smith Group Asset Management LLC lowered its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 18.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,710 shares of the technology company’s stock after selling 620 shares during the period. Smith Group Asset Management LLC’s holdings in Guidewire Software were worth $457,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Atomi Financial Group Inc. lifted its position in Guidewire Software by 22.2% during the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after purchasing an additional 488 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Guidewire Software during the 4th quarter valued at $2,110,000. Icon Wealth Advisors LLC grew its position in Guidewire Software by 72.4% in the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after acquiring an additional 2,512 shares in the last quarter. Whale Rock Capital Management LLC increased its stake 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 valued at $177,954,000 after acquiring an additional 31,512 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Guidewire Software by 326.8% during the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock valued at $3,988,000 after purchasing an additional 16,692 shares in the last quarter.

Insiders Place Their Bets

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the stock in a transaction 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 completion of the transaction, the president now owns 180,746 shares in the company, valued at approximately $30,804,540.78. This represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction 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 owns 281,730 shares in the company, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,706 shares of company stock worth $5,570,969. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $207.58 on Thursday. The company has a market cap of $17.34 billion, a PE ratio of 576.60, a P/E/G ratio of 47.71 and a beta of 1.23. The business has a 50 day moving average of $183.20 and a 200 day moving average of $173.18. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $212.00. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their price target 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. Royal Bank of Canada upped their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.08.

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.