Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lowered its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 38.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 20,907 shares of the technology company’s stock after selling 13,094 shares during the quarter. Alberta Investment Management Corp’s holdings in Guidewire Software were worth $3,525,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in GWRE. Massachusetts Financial Services Co. MA raised its position in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after purchasing an additional 679,558 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after purchasing an additional 256,702 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Guidewire Software during the third quarter valued at $26,501,000. Janus Henderson Group PLC increased its holdings in shares of Guidewire Software by 355.8% during the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock valued at $29,719,000 after purchasing an additional 126,806 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Guidewire Software by 370.4% in the third quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock worth $27,501,000 after purchasing an additional 118,369 shares during the period.

Guidewire Software Trading Down 1.6 %

NYSE:GWRE opened at $209.78 on Friday. The stock has a fifty day simple moving average of $189.74 and a 200 day simple moving average of $180.69. The firm has a market capitalization of $17.52 billion, a price-to-earnings ratio of 582.72, a price-to-earnings-growth ratio of 38.20 and a beta of 1.25. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Analyst Upgrades and Downgrades

GWRE has been the topic of several research analyst reports. DA Davidson reissued a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Robert W. Baird upped their target price on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their price target on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Oppenheimer boosted their price objective on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $204.50.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $214.68, for a total transaction of $300,552.00. Following the transaction, the chief executive officer now directly owns 274,730 shares of the company’s stock, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President John P. Mullen sold 7,165 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the completion of the sale, the president now directly owns 182,096 shares of the company’s stock, valued at approximately $31,149,341.76. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,556 shares of company stock valued at $6,820,145. 0.48% of the stock is currently owned by corporate insiders.

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.