Harbor Investment Advisory LLC Sells 209 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Harbor Investment Advisory LLC cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 23.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 687 shares of the technology company’s stock after selling 209 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Guidewire Software were worth $116,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in shares of Guidewire Software during the fourth quarter worth approximately $25,000. Assetmark Inc. increased its holdings in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software during the third quarter worth approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $42,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Guidewire Software during the 2nd quarter worth approximately $55,000.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $179.91, for a total transaction of $251,874.00. Following the completion of the transaction, the chief executive officer now owns 278,930 shares of the company’s stock, valued at $50,182,296.30. This trade represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now directly owns 189,261 shares of the company’s stock, valued at $37,420,684.92. This represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,606 shares of company stock worth $5,141,309. Company insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GWRE. Oppenheimer increased their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Royal Bank of Canada increased their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Finally, DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and a consensus price target of $193.00.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $183.44 on Thursday. The firm has a market cap of $15.32 billion, a PE ratio of 509.55, a price-to-earnings-growth ratio of 46.43 and a beta of 1.23. The firm’s fifty day moving average is $182.12 and its 200-day moving average is $170.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $209.15.

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.