Prakash Investment Advisors LLC Takes $423,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Prakash Investment Advisors LLC acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,510 shares of the technology company’s stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GWRE. Creative Planning raised its stake in Guidewire Software by 16.0% in the third quarter. Creative Planning now owns 15,331 shares of the technology company’s stock worth $2,805,000 after buying an additional 2,120 shares in the last quarter. Signaturefd LLC raised its stake in Guidewire Software by 2.4% in the third quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after buying an additional 139 shares in the last quarter. International Assets Investment Management LLC raised its stake in Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after buying an additional 256,702 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Guidewire Software by 370.4% in the third quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock worth $27,501,000 after buying an additional 118,369 shares in the last quarter. Finally, Element Wealth LLC bought a new position in Guidewire Software in the third quarter worth about $237,000.

Insider Activity

In related news, President John P. Mullen sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $208.79, for a total value of $626,370.00. Following the sale, the president now owns 174,746 shares in the company, valued at approximately $36,485,217.34. This trade represents a 1.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now owns 281,730 shares in the company, valued at $48,192,733.80. This represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,556 shares of company stock worth $6,820,145 over the last 90 days. 0.48% of the stock is currently owned by insiders.

Guidewire Software Trading Down 1.6 %

NYSE:GWRE opened at $209.78 on Friday. The company’s 50 day moving average price is $189.74 and its 200-day moving average price is $180.69. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 582.72, a PEG ratio of 38.20 and a beta of 1.25.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GWRE shares. DA Davidson reissued a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. Oppenheimer raised their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company raised their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Robert W. Baird raised their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. 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 stock. According to data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average price target of $204.50.

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.