Squarepoint Ops LLC Reduces Position in Guidewire Software, Inc. (NYSE:GWRE)

Squarepoint Ops LLC reduced its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 57.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,948 shares of the technology company's stock after selling 33,410 shares during the quarter. Squarepoint Ops LLC's holdings in Guidewire Software were worth $4,206,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Guidewire Software by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock valued at $1,425,434,000 after buying an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after purchasing an additional 1,009,966 shares in the last quarter. Stockbridge Partners LLC lifted its holdings in Guidewire Software by 8.3% during the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock worth $451,602,000 after acquiring an additional 205,382 shares during the period. Artisan Partners Limited Partnership lifted its holdings in Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock worth $237,323,000 after acquiring an additional 291,774 shares during the period. Finally, Geode Capital Management LLC increased its position in Guidewire Software by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock worth $226,701,000 after buying an additional 12,697 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GWRE shares. DA Davidson cut Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 price target for the company. in a research report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. The Goldman Sachs Group upped their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Robert W. Baird upped their price objective 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, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $207.42.

Guidewire Software Stock Performance

Guidewire Software stock traded up $1.95 during trading on Friday, reaching $213.27. The company had a trading volume of 179,618 shares, compared to its average volume of 933,323. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week 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 has a market capitalization of $17.89 billion, a price-to-earnings ratio of 592.26, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. The firm's 50-day simple moving average is $199.16 and its 200 day simple moving average is $193.86.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share 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 forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 2,300 shares of Guidewire Software 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 $467,199.00. Following the completion of the sale, the president now owns 172,446 shares of the company's stock, valued at approximately $35,028,955.98. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $212.02, for a total transaction of $296,828.00. Following the transaction, the chief executive officer now directly owns 248,793 shares in the company, valued at approximately $52,749,091.86. The trade was a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,371 shares of company stock valued at $6,222,685. Insiders own 0.48% of the company's stock.

About Guidewire Software

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.