Point72 Asset Management L.P. Buys 40,443 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Point72 Asset Management L.P. lifted its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 27.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185,304 shares of the technology company's stock after purchasing an additional 40,443 shares during the quarter. Point72 Asset Management L.P. owned about 0.22% of Guidewire Software worth $31,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GWRE. Massachusetts Financial Services Co. MA boosted its holdings in 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 during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Guidewire Software by 79.4% during the fourth 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 during the last quarter. Janus Henderson Group PLC raised its position in Guidewire Software by 242.2% in the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock valued at $93,683,000 after purchasing an additional 393,445 shares during the last quarter. Rathbones Group PLC purchased a new stake in shares of Guidewire Software in the fourth quarter valued at about $58,118,000. Finally, Balyasny Asset Management L.P. raised its stake in Guidewire Software by 877.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock valued at $61,944,000 after acquiring an additional 329,863 shares during the last quarter.

Guidewire Software Stock Down 1.0%

Shares of GWRE traded down $2.04 during midday trading on Thursday, hitting $208.81. The stock had a trading volume of 363,810 shares, compared to its average volume of 922,103. 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 $17.51 billion, a price-to-earnings ratio of 579.99, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. The company has a 50 day simple moving average of $197.28 and a two-hundred day simple moving average of $193.12. Guidewire Software, Inc. has a twelve month low of $107.65 and a twelve month high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $285.74 million. On average, analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GWRE. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. The Goldman Sachs Group upped their target price on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. DA Davidson reiterated a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a report on Thursday. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, Robert W. Baird lifted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $207.42.

Insider Buying and Selling

In related news, President John P. Mullen sold 6,116 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $1,158,431.56. Following the sale, the president now directly owns 166,330 shares of the company's stock, valued at $31,504,565.30. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $215.25, for a total transaction of $301,350.00. Following the completion of the sale, the chief executive officer now directly owns 250,193 shares in the company, valued at approximately $53,854,043.25. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,371 shares of company stock valued at $6,210,967. 0.48% of the stock is owned by insiders.

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.