Point72 Hong Kong Ltd Has $3.46 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

Point72 Hong Kong Ltd grew its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 11,292.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,506 shares of the technology company's stock after acquiring an additional 20,326 shares during the quarter. Point72 Hong Kong Ltd's holdings in Guidewire Software were worth $3,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Guidewire Software by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock worth $1,425,434,000 after acquiring an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake 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 buying an additional 1,009,966 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after buying an additional 291,774 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 valued at $226,701,000 after buying an additional 12,697 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after acquiring an additional 418,642 shares in the last quarter.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded down $1.49 during midday trading on Tuesday, hitting $213.93. 201,429 shares of the company were exchanged, compared to its average volume of 921,207. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market cap of $17.94 billion, a P/E ratio of 593.81, a PEG ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week high of $219.59. The firm has a 50 day simple moving average of $196.00 and a 200-day simple moving average of $192.84.

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 (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective 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 boosted 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 analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $208.36, for a total value of $291,704.00. Following the sale, the chief executive officer now directly owns 252,993 shares in the company, valued at $52,713,621.48. The trade was a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President John P. Mullen sold 2,300 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total value of $432,285.00. Following the completion of the sale, the president now owns 164,030 shares in the company, valued at approximately $30,829,438.50. This trade represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,971 shares of company stock valued at $5,909,617. Company insiders own 0.48% of the company's stock.

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.