Schonfeld Strategic Advisors LLC Increases Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Schonfeld Strategic Advisors LLC increased its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,988 shares of the technology company's stock after acquiring an additional 16,029 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.07% of Guidewire Software worth $9,270,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GWRE. Massachusetts Financial Services Co. MA boosted its stake in shares of Guidewire Software by 29.5% during 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 holdings in Guidewire Software by 79.4% in 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 during the last quarter. Rathbones Group PLC purchased a new position in shares of Guidewire Software in the fourth quarter valued at about $58,118,000. Artisan Partners Limited Partnership raised its stake in shares of 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 valued at $237,323,000 after acquiring an additional 291,774 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Guidewire Software by 1,951.9% during the fourth quarter. Renaissance Technologies LLC now owns 264,700 shares of the technology company's stock worth $44,623,000 after purchasing an additional 251,800 shares during the period.

Analyst Ratings Changes

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

Guidewire Software Stock Up 0.4 %

Shares of NYSE:GWRE traded up $0.93 on Tuesday, hitting $211.32. 126,261 shares of the company traded hands, compared to its average volume of 1,082,068. The stock has a 50 day simple moving average of $190.49 and a 200-day simple moving average of $190.99. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market cap of $17.73 billion, a PE ratio of 587.24, a PEG ratio of 37.21 and a beta of 1.19. Guidewire Software, Inc. has a 52 week low of $107.65 and a 52 week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released 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). The firm had revenue of $289.48 million for 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%. As a group, research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at Guidewire Software

In related news, President John P. Mullen sold 2,300 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $203.13, for a total transaction of $467,199.00. Following the sale, the president now directly owns 172,446 shares of the company's stock, valued at $35,028,955.98. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the transaction, the chief executive officer now directly owns 274,730 shares of the company's stock, valued at approximately $58,979,036.40. This trade represents a 0.51 % decrease in their position. 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 $6,215,853. 0.48% of the stock is owned by corporate insiders.

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.