Picton Mahoney Asset Management Sells 887 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Picton Mahoney Asset Management reduced its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,712 shares of the technology company’s stock after selling 887 shares during the period. Picton Mahoney Asset Management’s holdings in Guidewire Software were worth $5,516,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GWRE. Massachusetts Financial Services Co. MA grew its holdings in Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after acquiring an additional 679,558 shares during the period. Point72 Asset Management L.P. acquired a new stake in Guidewire Software during the 3rd quarter worth about $26,501,000. Janus Henderson Group PLC grew its holdings in Guidewire Software by 355.8% during the 3rd quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock worth $29,719,000 after acquiring an additional 126,806 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Guidewire Software by 192.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company’s stock worth $22,635,000 after acquiring an additional 88,304 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Guidewire Software during the 4th quarter worth about $12,050,000.

Insiders Place Their Bets

In other news, insider James Winston King sold 270 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the transaction, the insider now directly owns 45,664 shares of the company’s stock, valued at $7,981,153.92. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were 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 represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,056 shares of company stock valued at $8,094,892. Corporate insiders own 0.48% of the company’s stock.

Guidewire Software Stock Performance

Shares of GWRE opened at $185.85 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a 50 day moving average price of $195.28 and a two-hundred day moving average price of $185.83. The firm has a market capitalization of $15.52 billion, a P/E ratio of 516.26, a P/E/G ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Equities analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

GWRE has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Wells Fargo & Company increased their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Royal Bank of Canada raised their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.