Guidewire Software, Inc. (NYSE:GWRE) Stock Holdings Trimmed by Crescent Park Management L.P.

Crescent Park Management L.P. reduced its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 16.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,769 shares of the technology company’s stock after selling 3,982 shares during the quarter. Guidewire Software makes up 1.3% of Crescent Park Management L.P.’s portfolio, making the stock its 17th biggest position. Crescent Park Management L.P.’s holdings in Guidewire Software were worth $3,501,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC raised its stake in shares of Guidewire Software by 10.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock valued at $100,000 after purchasing an additional 56 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in Guidewire Software by 12.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after buying an additional 58 shares in the last quarter. Norden Group LLC raised its stake in Guidewire Software by 5.2% during the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock valued at $208,000 after purchasing an additional 61 shares during the period. Argonautica Private Wealth Management Inc. lifted its stake in Guidewire Software by 1.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock worth $681,000 after acquiring an additional 75 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after purchasing an additional 99 shares in the last quarter.

Analyst Ratings Changes

GWRE has been the subject of a number of recent research reports. Oppenheimer upped their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Royal Bank of Canada increased their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Trading Up 1.6 %

Shares of Guidewire Software stock opened at $190.40 on Wednesday. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 528.89, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The company’s 50-day moving average price is $199.71 and its 200-day moving average price is $189.07. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate 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%. On average, equities analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider James Winston King sold 270 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the transaction, the insider now owns 45,664 shares of the company’s stock, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 300 shares of Guidewire Software stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $52,434.00. Following the sale, the chief financial officer now directly owns 73,494 shares in the company, valued at $12,845,281.32. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,580 shares of company stock worth $7,417,937 in the last three months. 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.