Handelsbanken Fonder AB Buys 3,800 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Handelsbanken Fonder AB lifted its stake in Guidewire Software, Inc. (NYSE:GWRE) by 22.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,395 shares of the technology company’s stock after buying an additional 3,800 shares during the period. Handelsbanken Fonder AB’s holdings in Guidewire Software were worth $3,438,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GWRE. Creative Planning lifted its stake in Guidewire Software by 16.0% during the third quarter. Creative Planning now owns 15,331 shares of the technology company’s stock worth $2,805,000 after purchasing an additional 2,120 shares during the period. Highland Capital Management LLC bought a new position in Guidewire Software during the third quarter worth about $1,552,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Guidewire Software by 20.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 42,903 shares of the technology company’s stock worth $7,849,000 after purchasing an additional 7,328 shares during the period. Finally, Semanteon Capital Management LP bought a new position in Guidewire Software during the third quarter worth about $1,241,000.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $203.83 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market cap of $17.02 billion, a P/E ratio of 566.19, a P/E/G ratio of 37.21 and a beta of 1.25. The firm has a 50 day simple moving average of $190.36 and a 200 day simple moving average of $181.70. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59.

Insider Activity at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 1,509 shares of Guidewire Software stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President John P. Mullen sold 7,165 shares of Guidewire Software 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 directly owns 182,096 shares of the company’s stock, valued at $31,149,341.76. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,556 shares of company stock valued at $6,820,145 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on GWRE shares. DA Davidson restated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. Oppenheimer raised their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus lifted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group lifted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada lifted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $204.50.

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.