XTX Topco Ltd Has $209,000 Stake in Guidewire Software, Inc. (NYSE:GWRE)

XTX Topco Ltd lessened its position in Guidewire Software, Inc. (NYSE:GWRE) by 75.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,518 shares of the technology company’s stock after selling 4,629 shares during the period. XTX Topco Ltd’s holdings in Guidewire Software were worth $209,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Alberta Investment Management Corp grew its holdings in shares of Guidewire Software by 11.1% during the fourth quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock worth $3,672,000 after purchasing an additional 3,355 shares during the last quarter. Teca Partners LP grew its holdings in Guidewire Software by 31.1% during the 4th quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock worth $21,328,000 after acquiring an additional 46,453 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in Guidewire Software in the 4th quarter valued at approximately $204,000. Wasatch Advisors LP raised its stake in shares of Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after acquiring an additional 115,600 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Guidewire Software during the first quarter worth $417,000.

Insiders Place Their Bets

In related news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the transaction, the insider now owns 137,821 shares of the company’s stock, valued at $20,539,463.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Elliott Cooper sold 4,956 shares of Guidewire Software stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.70, for a total transaction of $855,901.20. Following the transaction, the chief financial officer now directly owns 78,411 shares in the company, valued at approximately $13,541,579.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,601 shares of company stock valued at $8,984,892. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. JMP Securities increased their price objective on Guidewire Software from $141.00 to $179.00 and gave the company a “market outperform” rating in a report on Friday, September 6th. BTIG Research lifted their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Oppenheimer increased their target price on shares of Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Citigroup boosted their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Stifel Nicolaus increased their price objective on shares of Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.62.

Guidewire Software Price Performance

Shares of GWRE opened at $177.97 on Monday. Guidewire Software, Inc. has a one year low of $85.15 and a one year high of $179.13. The company has a market cap of $14.71 billion, a PE ratio of -1,369.00 and a beta of 1.18. The stock has a 50-day moving average of $154.66 and a 200-day moving average of $134.04.

Guidewire Software (NYSE:GWRE) last posted its earnings results 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 net margin of 0.62% and a negative return on equity of 1.29%. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that Guidewire Software, Inc. will post 0.49 EPS for the current fiscal 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.