Caxton Associates LP Invests $520,000 in Guidewire Software, Inc. (NYSE:GWRE)

Caxton Associates LP bought a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,086 shares of the technology company's stock, valued at approximately $520,000.

A number of other institutional investors have also added to or reduced their stakes in GWRE. Smartleaf Asset Management LLC increased its holdings in shares of Guidewire Software by 10.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock valued at $100,000 after acquiring an additional 56 shares in the last quarter. Hanseatic Management Services Inc. increased its stake in 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 purchasing an additional 58 shares in the last quarter. Norden Group LLC raised its holdings in Guidewire Software by 5.2% during the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock worth $208,000 after buying an additional 61 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its stake in shares of Guidewire Software by 1.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock valued at $681,000 after buying an additional 75 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after buying an additional 99 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GWRE. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. The Goldman Sachs Group increased their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Robert W. Baird increased their price target on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $206.08.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total transaction of $297,388.00. Following the sale, the chief executive officer now owns 273,330 shares of the company's stock, valued at approximately $58,060,758.60. This represents a 0.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James Winston King sold 1,051 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the transaction, the insider now owns 44,613 shares of the company's stock, valued at $8,450,148.33. This trade represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,371 shares of company stock valued at $6,215,853 over the last quarter. Company insiders own 0.48% of the company's stock.

Guidewire Software Trading Up 0.4 %

NYSE:GWRE opened at $211.27 on Wednesday. Guidewire Software, Inc. has a 12 month low of $107.65 and a 12 month high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm's 50 day moving average is $190.74 and its 200 day moving average is $191.13. The stock has a market capitalization of $17.72 billion, a PE ratio of 586.85, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. Sell-side analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

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.

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