Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Trexquant Investment LP

Trexquant Investment LP trimmed its holdings in shares of Guidewire Software, Inc. (NYSE:GWREFree Report) by 97.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,842 shares of the technology company’s stock after selling 87,267 shares during the period. Trexquant Investment LP’s holdings in Guidewire Software were worth $201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Guidewire Software by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock valued at $724,092,000 after acquiring an additional 38,954 shares during the period. Bamco Inc. NY lifted its stake in shares of Guidewire Software by 0.6% in the 3rd quarter. Bamco Inc. NY now owns 6,238,882 shares of the technology company’s stock valued at $561,499,000 after purchasing an additional 36,895 shares during the period. Invesco Ltd. lifted its stake in shares of Guidewire Software by 141.4% in the 3rd quarter. Invesco Ltd. now owns 1,842,564 shares of the technology company’s stock valued at $165,831,000 after purchasing an additional 1,079,268 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Guidewire Software in the 4th quarter valued at $105,311,000. Finally, Norges Bank acquired a new position in shares of Guidewire Software in the 4th quarter valued at $97,829,000.

Guidewire Software Price Performance

Guidewire Software stock opened at $127.10 on Thursday. Guidewire Software, Inc. has a 52-week low of $68.45 and a 52-week high of $129.09. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of -205.66 and a beta of 1.14. The company has a fifty day simple moving average of $115.31 and a 200-day simple moving average of $111.94. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32.

Guidewire Software (NYSE:GWREGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.22. The firm had revenue of $240.90 million for the quarter, compared to analysts’ expectations of $240.93 million. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. On average, equities analysts anticipate that Guidewire Software, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GWRE shares. BTIG Research boosted their target price on shares of Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday. Robert W. Baird boosted their target price on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Oppenheimer boosted their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $130.00 price target on shares of Guidewire Software in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.31.

View Our Latest Analysis on GWRE

Insider Activity

In other news, insider John P. Mullen sold 3,665 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the transaction, the insider now owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John P. Mullen sold 3,665 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the transaction, the insider now directly owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,785 shares of company stock valued at $1,220,087. 0.38% of the stock is currently owned by insiders.

Guidewire Software Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GWRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guidewire Software, Inc. (NYSE:GWREFree Report).

Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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