Guidewire Software, Inc. (NYSE:GWRE) Shares Sold 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 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,769 shares of the technology company’s stock after selling 3,982 shares during the period. Guidewire Software comprises 1.3% of Crescent Park Management L.P.’s holdings, making the stock its 17th largest position. Crescent Park Management L.P.’s holdings in Guidewire Software were worth $3,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its position in shares of Guidewire Software by 48.7% during the third quarter. Bank of Montreal Can now owns 45,703 shares of the technology company’s stock valued at $8,134,000 after acquiring an additional 14,970 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Guidewire Software by 2.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,239 shares of the technology company’s stock worth $4,434,000 after purchasing an additional 579 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Guidewire Software by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 13,254 shares of the technology company’s stock worth $2,425,000 after acquiring an additional 153 shares in the last quarter. Verition Fund Management LLC increased its stake in Guidewire Software by 161.8% in the third quarter. Verition Fund Management LLC now owns 21,359 shares of the technology company’s stock valued at $3,907,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Guidewire Software during the 3rd quarter worth $33,000.

Analysts Set New Price Targets

GWRE has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price objective 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. Oppenheimer increased their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. DA Davidson reissued a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Finally, JMP Securities reissued a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. One research 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’s stock. Based on data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Stock Up 1.6 %

Shares of GWRE stock opened at $190.40 on Wednesday. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 528.89, a P/E/G 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 firm has a fifty day moving average of $199.71 and a 200-day moving average of $189.07. The company has a quick ratio of 2.66, a current 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 analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. As a group, equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, March 31st. The shares were sold at an average price of $184.41, for a total value of $258,174.00. Following the completion of the sale, the chief executive officer now directly owns 259,993 shares of the company’s stock, valued at approximately $47,945,309.13. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President John P. Mullen sold 6,116 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $1,158,431.56. Following the transaction, the president now directly owns 166,330 shares in the company, valued at $31,504,565.30. The trade was a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,580 shares of company stock valued at $7,417,937. 0.48% of the stock is currently owned by insiders.

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.