Point72 Hong Kong Ltd Purchases 20,326 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Point72 Hong Kong Ltd lifted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 11,292.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,506 shares of the technology company's stock after buying an additional 20,326 shares during the quarter. Point72 Hong Kong Ltd's holdings in Guidewire Software were worth $3,457,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GWRE. Ossiam acquired a new stake in Guidewire Software during the fourth quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Guidewire Software by 101.0% during the 4th 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 period. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software in the fourth quarter valued at about $34,000. R Squared Ltd purchased a new position in Guidewire Software in the fourth quarter valued at about $47,000. Finally, Colonial Trust Co SC grew its position in shares of Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after acquiring an additional 183 shares in the last quarter.

Analysts Set New Price Targets

GWRE has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Robert W. Baird upped their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $206.08.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total value of $467,199.00. Following the sale, the president now owns 172,446 shares in the company, valued at $35,028,955.98. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.65, for a total transaction of $285,110.00. Following the transaction, the chief executive officer now directly owns 271,930 shares in the company, valued at $55,378,544.50. This represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,371 shares of company stock valued at $6,207,005. Corporate insiders own 0.48% of the company's stock.

Guidewire Software Stock Performance

Guidewire Software stock traded up $1.38 during trading hours on Friday, reaching $216.55. 582,623 shares of the stock were exchanged, compared to its average volume of 925,646. Guidewire Software, Inc. has a 52-week low of $107.65 and a 52-week high of $219.59. The firm's 50 day moving average is $195.22 and its 200 day moving average is $192.59. The stock has a market cap of $18.16 billion, a P/E ratio of 601.53, a P/E/G ratio of 37.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal 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.