Quadrant Capital Group LLC increased its holdings in Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 30.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,818 shares of the technology company’s stock after acquiring an additional 2,069 shares during the quarter. Quadrant Capital Group LLC’s holdings in Guidewire Software were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brooklyn Investment Group boosted its stake in shares of Guidewire Software by 38.3% during the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company’s stock worth $42,000 after acquiring an additional 62 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Guidewire Software by 40.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 238 shares of the technology company’s stock worth $56,000 after purchasing an additional 68 shares during the period. Poinciana Advisors Group LLC lifted its position in Guidewire Software by 5.9% during the second quarter. Poinciana Advisors Group LLC now owns 1,247 shares of the technology company’s stock valued at $294,000 after purchasing an additional 70 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Guidewire Software by 4.1% during the second quarter. Sequoia Financial Advisors LLC now owns 1,835 shares of the technology company’s stock valued at $432,000 after purchasing an additional 73 shares during the period. Finally, Entropy Technologies LP grew its holdings in Guidewire Software by 3.6% during the second quarter. Entropy Technologies LP now owns 2,161 shares of the technology company’s stock valued at $509,000 after purchasing an additional 75 shares during the period.
Guidewire Software Price Performance
NYSE:GWRE opened at $213.89 on Friday. The business’s 50-day moving average is $231.30 and its 200 day moving average is $228.98. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60. The company has a market capitalization of $18.19 billion, a P/E ratio of 267.37, a P/E/G ratio of 14.73 and a beta of 1.19. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.46.
Insider Buying and Selling
In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, November 17th. The shares were sold at an average price of $222.54, for a total value of $311,556.00. Following the completion of the transaction, the chief executive officer directly owned 252,358 shares of the company’s stock, valued at $56,159,749.32. This trade represents a 0.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President John P. Mullen sold 3,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $231.85, for a total transaction of $695,550.00. Following the completion of the transaction, the president directly owned 152,958 shares of the company’s stock, valued at approximately $35,463,312.30. The trade was a 1.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 112,342 shares of company stock worth $27,117,744. Insiders own 0.46% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Wall Street Zen downgraded Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Oppenheimer raised their target price on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Stifel Nicolaus upped their price target on shares of Guidewire Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Citigroup reduced their price objective on shares of Guidewire Software from $267.00 to $242.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, DA Davidson lifted their target price on shares of Guidewire Software from $246.00 to $250.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.00.
View Our Latest Analysis on GWRE
Guidewire Software 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.
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