Sanctuary Advisors LLC Increases Stake in Guidewire Software, Inc. (NYSE:GWRE)

Sanctuary Advisors LLC raised its position in Guidewire Software, Inc. (NYSE:GWRE) by 79.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,599 shares of the technology company’s stock after acquiring an additional 2,487 shares during the period. Sanctuary Advisors LLC’s holdings in Guidewire Software were worth $1,135,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in Guidewire Software in the 2nd quarter valued at approximately $31,000. Assetmark Inc. boosted its stake in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Guidewire Software during the third quarter worth $33,000. Brooklyn Investment Group purchased a new position in Guidewire Software in the third quarter worth $42,000. Finally, Canada Pension Plan Investment Board purchased a new position in Guidewire Software in the second quarter worth $55,000.

Insiders Place Their Bets

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $170.43, for a total value of $230,080.50. Following the sale, the president now directly owns 180,746 shares of the company’s stock, valued at approximately $30,804,540.78. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 2,828 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $483,757.68. Following the transaction, the chief financial officer now directly owns 74,911 shares of the company’s stock, valued at approximately $12,814,275.66. This represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,347 shares of company stock valued at $4,057,594. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several recent analyst reports. Oppenheimer raised their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. Royal Bank of Canada upped their price target on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Robert W. Baird lifted their price objective on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their target price on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Guidewire Software Stock Performance

NYSE:GWRE opened at $176.03 on Friday. 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 firm has a market cap of $14.70 billion, a PE ratio of 488.97, a P/E/G ratio of 45.60 and a beta of 1.18. The firm has a 50 day simple moving average of $189.58 and a 200-day simple moving average of $164.32. Guidewire Software, Inc. has a 1-year low of $102.66 and a 1-year high of $209.15.

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.