Investors Buy Large Volume of Call Options on Guidewire Software (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE) saw unusually large options trading on Wednesday. Stock investors bought 1,297 call options on the stock. This is an increase of approximately 1,563% compared to the average daily volume of 78 call options.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GWRE. Robert W. Baird boosted their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Royal Bank of Canada raised their price objective 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. Stifel Nicolaus raised their target price on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. One 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 stock. According to MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average price target of $202.00.

Guidewire Software Trading Up 0.6 %

GWRE stock opened at $218.12 on Thursday. Guidewire Software has a 12 month low of $107.00 and a 12 month high of $218.60. The firm’s 50-day moving average is $184.37 and its 200 day moving average is $175.73. The company has a market capitalization of $18.22 billion, a PE ratio of 605.90, a P/E/G ratio of 54.93 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.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the transaction, the president now owns 189,261 shares in the company, valued at approximately $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 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 transaction of $1,014,727.92. Following the transaction, the chief executive officer now directly owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,106 shares of company stock valued at $6,489,127. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Guidewire Software by 17.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,660 shares of the technology company’s stock valued at $3,262,000 after acquiring an additional 3,462 shares during the period. Creative Planning raised its holdings in Guidewire Software by 26.1% in the second quarter. Creative Planning now owns 13,211 shares of the technology company’s stock worth $1,822,000 after purchasing an additional 2,731 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Guidewire Software by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 18,489 shares of the technology company’s stock worth $2,549,000 after buying an additional 372 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Guidewire Software during the 2nd quarter worth approximately $429,000. Finally, GAMMA Investing LLC increased its position in shares of Guidewire Software by 21.8% during the third quarter. GAMMA Investing LLC now owns 926 shares of the technology company’s stock worth $169,000 after purchasing an additional 166 shares in the last quarter.

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.