Caxton Associates LP Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

Caxton Associates LP bought a new position in Guidewire Software, Inc. (NYSE:GWRE) in the fourth quarter, Holdings Channel reports. The institutional investor bought 3,086 shares of the technology company’s stock, valued at approximately $520,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings 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 worth $747,968,000 after buying an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Guidewire Software by 79.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock valued at $159,503,000 after purchasing an additional 418,642 shares during the last quarter. Rathbones Group PLC purchased a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $58,118,000. Balyasny Asset Management L.P. grew its holdings in shares of Guidewire Software by 877.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock worth $61,944,000 after purchasing an additional 329,863 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings 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 worth $237,323,000 after purchasing an additional 291,774 shares during the last quarter.

Guidewire Software Price Performance

Shares of GWRE opened at $211.27 on Wednesday. The firm’s 50-day simple moving average is $190.74 and its two-hundred day simple moving average is $191.13. Guidewire Software, Inc. has a fifty-two week low of $107.65 and a fifty-two week high of $219.59. The stock has a market cap of $17.72 billion, a PE ratio of 586.85, a price-to-earnings-growth 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) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million during the quarter, compared to analysts’ expectations of $285.74 million. Analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. The Goldman Sachs Group raised their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price target on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and an average price target of $206.08.

Insider Activity

In other news, insider James Winston King sold 1,051 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $199,069.91. Following the transaction, the insider now directly owns 44,613 shares in the company, valued at $8,450,148.33. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $212.42, for a total value of $297,388.00. Following the sale, the chief executive officer now 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. Insiders have sold a total of 32,371 shares of company stock valued at $6,215,853 in the last 90 days. 0.48% of the stock is currently owned by 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.