KBC Group NV Purchases New Stake in Guidewire Software, Inc. (NYSE:GWRE)

KBC Group NV acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWREFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,591 shares of the technology company’s stock, valued at approximately $173,000.

A number of other hedge funds have also recently made changes to their positions in GWRE. RiverPark Advisors LLC purchased a new stake in Guidewire Software in the 4th quarter valued at $27,000. Lindbrook Capital LLC raised its holdings in shares of Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after purchasing an additional 132 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Guidewire Software during the fourth quarter valued at about $56,000. CWM LLC grew its position in Guidewire Software by 18.4% in the 4th quarter. CWM LLC now owns 1,154 shares of the technology company’s stock worth $126,000 after purchasing an additional 179 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in Guidewire Software in the 4th quarter valued at about $134,000.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GWRE. Stifel Nicolaus increased their price target on Guidewire Software from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Bank of America lifted their target price on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 5th. Royal Bank of Canada restated an “outperform” rating and set a $130.00 price target on shares of Guidewire Software in a research report on Wednesday, June 5th. BTIG Research boosted their target price on shares of Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $126.00 price target on shares of Guidewire Software in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $129.23.

Get Our Latest Stock Analysis on Guidewire Software

Guidewire Software Stock Up 1.7 %

GWRE stock opened at $132.14 on Tuesday. Guidewire Software, Inc. has a twelve month low of $68.45 and a twelve month high of $132.97. The firm has a market capitalization of $10.92 billion, a PE ratio of -1,016.46 and a beta of 1.14. The stock has a 50-day simple moving average of $116.09 and a two-hundred day simple moving average of $112.61.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the completion of the transaction, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at approximately $27,420,656.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Michael George Rosenbaum sold 4,420 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of the transaction, the chief executive officer now directly owns 245,375 shares in the company, valued at $27,420,656.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the sale, the insider now directly owns 148,047 shares in the company, valued at approximately $16,485,033.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,785 shares of company stock valued at $1,220,087. Corporate insiders own 0.38% of the company’s stock.

About Guidewire Software

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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