Point72 DIFC Ltd Purchases Shares of 7,374 Guidewire Software, Inc. (NYSE:GWRE)

Point72 DIFC Ltd acquired a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 7,374 shares of the technology company's stock, valued at approximately $1,349,000.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company's stock valued at $626,918,000 after purchasing an additional 679,558 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company's stock valued at $472,220,000 after purchasing an additional 256,702 shares during the period. Teca Partners LP purchased a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $25,893,000. Linonia Partnership LP lifted its stake in shares of Guidewire Software by 8.4% in the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company's stock valued at $330,329,000 after purchasing an additional 185,077 shares during the period. Finally, Great Lakes Advisors LLC purchased a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $22,318,000.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the sale, the chief executive officer now owns 287,662 shares of the company's stock, valued at approximately $49,523,889.92. The trade was a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President John P. Mullen sold 1,350 shares of the business's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the sale, the president now directly owns 190,611 shares of the company's stock, valued at $35,773,872.48. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock valued at $9,116,179 over the last 90 days. Company insiders own 0.48% of the company's stock.

Guidewire Software Price Performance

Shares of GWRE traded down $0.55 during trading hours on Thursday, hitting $206.57. The stock had a trading volume of 1,183,901 shares, compared to its average volume of 704,482. Guidewire Software, Inc. has a 12 month low of $95.02 and a 12 month high of $209.15. The firm has a market capitalization of $17.25 billion, a PE ratio of -2,581.80, a PEG ratio of 52.81 and a beta of 1.18. The stock has a fifty day moving average price of $191.59 and a 200 day moving average price of $160.19.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. Guidewire Software's revenue was up 8.0% compared to the same quarter last year. As a group, analysts anticipate that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GWRE. Royal Bank of Canada restated an "outperform" rating and issued a $215.00 target price on shares of Guidewire Software in a research note on Tuesday, November 19th. Oppenheimer lifted their price objective on Guidewire Software from $200.00 to $220.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. JMP Securities lifted their price objective on Guidewire Software from $200.00 to $231.00 and gave the company a "market outperform" rating in a research note on Monday, November 25th. DA Davidson reiterated a "buy" rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $189.31.

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.