Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,655 shares of the technology company’s stock after purchasing an additional 455 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Guidewire Software were worth $616,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its position in shares of Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after purchasing an additional 679,558 shares during the period. Linonia Partnership LP increased its position in Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after buying an additional 185,077 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Guidewire Software by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock valued at $243,580,000 after acquiring an additional 6,223 shares during the period. Whale Rock Capital Management LLC grew its position in shares of Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after acquiring an additional 31,512 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Guidewire Software by 7.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock worth $139,839,000 after acquiring an additional 53,967 shares during the last quarter.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of analyst reports. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. Robert W. Baird increased their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, JMP Securities restated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $170.43, for a total transaction of $230,080.50. Following the sale, the president now owns 180,746 shares in the company, valued at approximately $30,804,540.78. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Winston King sold 1,509 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the transaction, the insider now owns 46,728 shares of the company’s stock, valued at approximately $7,993,291.68. The trade was a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,347 shares of company stock valued at $4,057,594. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Stock Down 1.1 %

NYSE GWRE opened at $169.21 on Tuesday. The company has a market capitalization of $14.13 billion, a P/E ratio of 470.03, a PEG ratio of 46.15 and a beta of 1.23. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $209.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. The company’s 50 day simple moving average is $184.58 and its 200 day simple moving average is $168.88.

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.