Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. cut its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 76,041 shares of the technology company’s stock after selling 890 shares during the quarter. Guidewire Software comprises 4.0% of Laurus Investment Counsel Inc.’s holdings, making the stock its 10th biggest position. Laurus Investment Counsel Inc.’s holdings in Guidewire Software were worth $8,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in Guidewire Software during the 3rd quarter worth approximately $25,000. RiverPark Advisors LLC acquired a new position in Guidewire Software during the 4th quarter worth approximately $27,000. CENTRAL TRUST Co acquired a new position in Guidewire Software during the 3rd quarter worth approximately $29,000. Pinebridge Investments L.P. boosted its position in Guidewire Software by 490.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 390 shares of the technology company’s stock worth $30,000 after acquiring an additional 324 shares during the last quarter. Finally, Castleview Partners LLC acquired a new position in Guidewire Software during the 3rd quarter worth approximately $40,000.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 4,420 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the sale, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at approximately $27,420,656.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Jeffrey Elliott Cooper sold 458 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.10, for a total value of $51,341.80. Following the transaction, the chief financial officer now owns 72,386 shares in the company, valued at $8,114,470.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was 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 owns 245,375 shares in the company, valued at approximately $27,420,656.25. The disclosure for this sale can be found here. Insiders have sold a total of 9,618 shares of company stock valued at $1,073,918 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Down 0.4 %

Shares of NYSE GWRE opened at $115.41 on Thursday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is $115.68 and its two-hundred day moving average price is $103.29. Guidewire Software, Inc. has a one year low of $68.45 and a one year high of $122.35.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $126.00 price target on shares of Guidewire Software in a research report on Tuesday, March 5th. Oppenheimer upped their price objective on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Robert W. Baird upped their price objective on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Wells Fargo & Company upgraded Guidewire Software from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 20th. Finally, Raymond James began coverage on Guidewire Software in a research note on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price target on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price of $115.11.

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.