Venturi Wealth Management LLC Has $121,000 Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Venturi Wealth Management LLC raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 457.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 719 shares of the technology company’s stock after buying an additional 590 shares during the quarter. Venturi Wealth Management LLC’s holdings in Guidewire Software were worth $121,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Guidewire Software during the fourth quarter worth approximately $25,000. Assetmark Inc. lifted its holdings in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software during the third quarter worth approximately $33,000. Brooklyn Investment Group acquired a new position in shares of Guidewire Software during the third quarter worth approximately $42,000. Finally, R Squared Ltd acquired a new position in shares of Guidewire Software during the fourth quarter worth approximately $47,000.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $203.83 on Friday. The business’s fifty day moving average price is $190.36 and its two-hundred day moving average price is $181.41. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 566.19, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GWRE. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. The Goldman Sachs Group boosted their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 4th. JMP Securities restated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software 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 company an “outperform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.50.

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 7,165 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the sale, the president now owns 182,096 shares in the company, valued at approximately $31,149,341.76. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Winston King sold 1,509 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $258,129.54. Following the sale, the insider now owns 46,728 shares in the company, valued at $7,993,291.68. The trade was a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,556 shares of company stock worth $6,820,145 over the last three months. Company insiders own 0.48% of the company’s stock.

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.