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

Point72 Hong Kong Ltd raised its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 11,292.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,506 shares of the technology company’s stock after buying an additional 20,326 shares during the period. Point72 Hong Kong Ltd’s holdings in Guidewire Software were worth $3,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of GWRE. Cooper Financial Group acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $203,000. Assenagon Asset Management S.A. increased its holdings in shares of Guidewire Software by 42.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 213,527 shares of the technology company’s stock valued at $35,996,000 after purchasing an additional 63,199 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Guidewire Software by 5.2% during the 4th quarter. Park Avenue Securities LLC now owns 5,359 shares of the technology company’s stock worth $903,000 after acquiring an additional 267 shares during the period. Burney Co. acquired a new stake in Guidewire Software during the 4th quarter worth $209,000. Finally, USA Financial Formulas acquired a new stake in Guidewire Software during the 4th quarter worth $257,000.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 2,300 shares of the company’s 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. This represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $212.42, for a total transaction of $297,388.00. Following the sale, the chief executive officer now directly owns 273,330 shares of the company’s stock, valued at approximately $58,060,758.60. This trade represents a 0.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,371 shares of company stock worth $6,207,005. Insiders own 0.48% of the company’s stock.

Guidewire Software Stock Down 0.3%

Guidewire Software stock opened at $213.83 on Thursday. The firm has a market capitalization of $17.94 billion, a PE ratio of 593.97, a P/E/G ratio of 37.21 and a beta of 1.18. The company’s 50-day moving average is $193.38 and its 200-day moving average is $192.19. Guidewire Software, Inc. has a fifty-two week low of $107.65 and a fifty-two week high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS 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 company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their target price 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. Robert W. Baird lifted their target price 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $206.08.

Guidewire Software Company 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.