Michael George Rosenbaum Sells 1,400 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.65, for a total transaction of $285,110.00. Following the completion of the transaction, the chief executive officer now owns 271,930 shares of the company’s stock, valued at approximately $55,378,544.50. This trade represents a 0.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Michael George Rosenbaum also recently made the following trade(s):

• On Tuesday, February 18th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $212.42, for a total value of $297,388.00.
• On Monday, February 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $214.68, for a total value of $300,552.00.
• On Monday, February 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $208.42, for a total value of $291,788.00.
• On Monday, January 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $201.90, for a total value of $282,660.00.
• On Tuesday, January 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $179.91, for a total transaction of $251,874.00.
• On Wednesday, January 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $174.78, for a total transaction of $244,692.00.
• On Tuesday, December 17th, Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock. The stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92.

Guidewire Software Price Performance

NYSE GWRE opened at $200.88 on Thursday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a market cap of $16.78 billion, a PE ratio of 558.00, a PEG ratio of 37.21 and a beta of 1.25. The stock’s 50-day moving average price is $192.03 and its two-hundred day moving average price is $182.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GWRE shares. Royal Bank of Canada boosted their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. 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. Robert W. Baird upped their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Oppenheimer raised their target price on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in Guidewire Software by 29.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock worth $747,968,000 after purchasing an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Guidewire Software by 79.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock valued at $159,503,000 after purchasing an additional 418,642 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Guidewire Software by 242.2% in the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company’s stock worth $93,683,000 after buying an additional 393,445 shares during the period. Rathbones Group PLC acquired a new position in Guidewire Software during the fourth quarter valued at $58,118,000. Finally, Balyasny Asset Management L.P. raised its position in Guidewire Software by 877.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock valued at $61,944,000 after buying an additional 329,863 shares during the period.

About Guidewire Software

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.