Guidewire Software (NYSE:GWRE) Price Target Raised to $240.00 at The Goldman Sachs Group

Guidewire Software (NYSE:GWRE) had its price objective increased by stock analysts at The Goldman Sachs Group from $210.00 to $240.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 9.67% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson restated a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. JMP Securities reiterated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Oppenheimer increased their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Robert W. Baird raised their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Royal Bank of Canada raised their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $204.50.

Guidewire Software Trading Up 2.5 %

GWRE stock traded up $5.31 during trading on Monday, reaching $218.84. The company had a trading volume of 246,218 shares, compared to its average volume of 1,478,458. Guidewire Software has a 52 week low of $107.00 and a 52 week high of $219.49. The company has a market cap of $18.28 billion, a P/E ratio of 607.89, a PEG ratio of 56.59 and a beta of 1.25. The business has a 50 day moving average of $184.89 and a 200 day moving average of $176.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Insider Buying and Selling

In related news, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $208.79, for a total transaction of $626,370.00. Following the completion of the sale, the president now owns 174,746 shares in the company, valued at $36,485,217.34. This trade represents a 1.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $208.42, for a total transaction of $291,788.00. Following the sale, the chief executive officer now owns 276,130 shares of the company’s stock, valued at $57,551,014.60. The trade was a 0.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,106 shares of company stock valued at $6,489,127. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Several large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA raised its stake in shares of Guidewire Software by 24.7% during 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 in the last quarter. International Assets Investment Management LLC grew its position in Guidewire Software by 18,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after purchasing an additional 256,702 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Guidewire Software during the 3rd quarter worth approximately $26,501,000. Janus Henderson Group PLC grew its position in Guidewire Software by 355.8% during the 3rd quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock worth $29,719,000 after purchasing an additional 126,806 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Guidewire Software by 370.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock worth $27,501,000 after purchasing an additional 118,369 shares during the last quarter.

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.