Allspring Global Investments Holdings LLC Grows Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Allspring Global Investments Holdings LLC grew its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 985.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,598 shares of the technology company’s stock after purchasing an additional 20,516 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Guidewire Software were worth $3,830,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GWRE. Hanseatic Management Services Inc. raised its position in shares of Guidewire Software by 12.1% during the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after buying an additional 58 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after buying an additional 60 shares during the period. CIBC Asset Management Inc raised its position in shares of Guidewire Software by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after buying an additional 87 shares during the period. Signaturefd LLC raised its position in shares of Guidewire Software by 2.4% during the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock valued at $1,107,000 after buying an additional 139 shares during the period. Finally, Assetmark Inc. raised its position in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the period.

Insider Buying and Selling

In related news, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $170.43, for a total transaction of $230,080.50. Following the completion of the transaction, the president now owns 180,746 shares in the company, valued at approximately $30,804,540.78. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total transaction of $297,388.00. Following the transaction, the chief executive officer now owns 273,330 shares of the company’s stock, valued at approximately $58,060,758.60. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,556 shares of company stock worth $6,820,145. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on GWRE shares. Royal Bank of Canada lifted their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Stifel Nicolaus lifted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Robert W. Baird lifted their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. One equities 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 company. According to MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $204.50.

Guidewire Software Stock Performance

NYSE:GWRE opened at $209.78 on Friday. The company has a fifty day simple moving average of $189.74 and a two-hundred day simple moving average of $180.69. The company has a market cap of $17.52 billion, a price-to-earnings ratio of 582.72, a price-to-earnings-growth ratio of 38.20 and a beta of 1.25. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59.

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.