New York Life Investment Management LLC Sells 605 Shares of Guidewire Software, Inc. (NYSE:GWRE)

New York Life Investment Management LLC cut its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,287 shares of the technology company’s stock after selling 605 shares during the quarter. New York Life Investment Management LLC’s holdings in Guidewire Software were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of GWRE. Massachusetts Financial Services Co. MA lifted its holdings in shares of Guidewire Software by 24.7% in 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 acquiring an additional 679,558 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Guidewire Software in the 3rd quarter worth approximately $26,501,000. Janus Henderson Group PLC increased its stake in shares of Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock worth $29,719,000 after buying an additional 126,806 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Guidewire Software by 192.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company’s stock worth $22,635,000 after buying an additional 88,304 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Guidewire Software by 42.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 213,527 shares of the technology company’s stock worth $35,996,000 after buying an additional 63,199 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. The Goldman Sachs Group lifted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Robert W. Baird lifted their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada lifted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.50.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 7,165 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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $203.13, for a total transaction of $284,382.00. Following the completion of the transaction, the chief executive officer now owns 270,530 shares in the company, valued at approximately $54,952,758.90. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,356 shares of company stock valued at $7,389,637 in the last three months. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Stock Down 2.5 %

NYSE:GWRE opened at $196.38 on Tuesday. The firm’s 50-day moving average price is $193.07 and its 200-day moving average price is $183.61. The company has a market capitalization of $16.40 billion, a PE ratio of 545.50, a P/E/G ratio of 37.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59.

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.