Amalgamated Bank Has $874,000 Stake in Guidewire Software, Inc. (NYSE:GWRE)

Amalgamated Bank boosted its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,182 shares of the technology company’s stock after acquiring an additional 340 shares during the quarter. Amalgamated Bank’s holdings in Guidewire Software were worth $874,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA raised its holdings in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after purchasing an additional 679,558 shares during the period. Point72 Asset Management L.P. acquired a new position in Guidewire Software during the third quarter worth approximately $26,501,000. Janus Henderson Group PLC raised its stake in Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock valued at $29,719,000 after buying an additional 126,806 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Guidewire Software by 192.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company’s stock valued at $22,635,000 after buying an additional 88,304 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Guidewire Software by 42.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 213,527 shares of the technology company’s stock worth $35,996,000 after acquiring an additional 63,199 shares during the period.

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $284,382.00. Following the sale, the chief executive officer now owns 270,530 shares in the company, valued at approximately $54,952,758.90. This trade represents a 0.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James Winston King sold 1,509 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the transaction, the insider now directly owns 46,728 shares in the company, valued at $7,993,291.68. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,356 shares of company stock valued at $7,389,637 over the last 90 days. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Stock Down 2.5 %

Shares of GWRE opened at $196.38 on Tuesday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The firm’s 50 day moving average is $193.07 and its 200-day moving average is $183.61. The stock has a market capitalization of $16.40 billion, a PE ratio of 545.50, a P/E/G ratio of 37.21 and a beta of 1.25.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GWRE shares. Stifel Nicolaus increased their price target on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report 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 stock an “overweight” rating in a research note on Friday, December 6th. DA Davidson reiterated a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $204.50.

Guidewire Software 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.