ExodusPoint Capital Management LP Trims Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

ExodusPoint Capital Management LP decreased its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 38.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,366 shares of the technology company's stock after selling 14,563 shares during the period. ExodusPoint Capital Management LP's holdings in Guidewire Software were worth $3,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software in the fourth quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of 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 worth $34,000 after acquiring an additional 99 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $34,000. R Squared Ltd bought a new position in Guidewire Software in the fourth quarter worth approximately $47,000. Finally, Tobam bought a new position in shares of Guidewire Software during the 4th quarter worth $52,000.

Insider Buying and Selling

In other news, President John P. Mullen sold 2,300 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $401,994.00. Following the transaction, the president now directly owns 178,446 shares of the company's stock, valued at approximately $31,188,791.88. This trade represents a 1.27 % decrease in their ownership of the stock. 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 dated Monday, April 7th. The shares were sold at an average price of $167.82, for a total transaction of $234,948.00. Following the sale, the chief executive officer now directly owns 258,593 shares of the company's stock, valued at approximately $43,397,077.26. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,280 shares of company stock valued at $8,085,170. 0.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Guidewire Software Stock Performance

Shares of Guidewire Software stock traded up $3.31 during trading on Friday, hitting $190.90. 602,991 shares of the company's stock were exchanged, compared to its average volume of 903,153. The business has a 50-day simple moving average of $194.96 and a 200-day simple moving average of $189.45. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of 530.29, a PEG ratio of 37.21 and a beta of 1.19. 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, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The company had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, research analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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.