Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Castleark Management LLC

Castleark Management LLC decreased its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 97.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 930 shares of the technology company’s stock after selling 35,910 shares during the quarter. Castleark Management LLC’s holdings in Guidewire Software were worth $157,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Guidewire Software by 10.4% in the 4th 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 during the period. Norden Group LLC lifted its stake in Guidewire Software by 5.2% in the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock valued at $208,000 after buying an additional 61 shares during the last quarter. Argonautica Private Wealth Management Inc. boosted its holdings in shares of Guidewire Software by 1.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock valued at $681,000 after acquiring an additional 75 shares during the period. True Wealth Design LLC grew its position in shares of Guidewire Software by 14.4% during the fourth quarter. True Wealth Design LLC now owns 677 shares of the technology company’s stock worth $114,000 after acquiring an additional 85 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew 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 last quarter.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $210.73 on Thursday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $197.28 and a 200-day simple moving average of $193.12. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 585.35, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 12-month low of $107.65 and a 12-month high of $219.59.

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

Analyst Upgrades and Downgrades

GWRE has been the subject of several research reports. The Goldman Sachs Group upped their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. raised 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. Finally, Robert W. Baird boosted their price target 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Insiders Place Their Bets

In other news, President John P. Mullen sold 2,300 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the completion of the transaction, the president now directly owns 172,446 shares of the company’s stock, valued at $35,028,955.98. This trade represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $215.25, for a total value of $301,350.00. Following the transaction, the chief executive officer now owns 250,193 shares of the company’s stock, valued at $53,854,043.25. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,371 shares of company stock worth $6,210,967. 0.48% of the stock is owned by corporate 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.