Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 6.9% in the 4th quarter, Holdings Channel reports. The fund owned 495,941 shares of the technology company’s stock after selling 37,040 shares during the period. New York State Common Retirement Fund’s holdings in Guidewire Software were worth $83,606,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GWRE. Creative Planning grew its stake in Guidewire Software by 16.0% in the third quarter. Creative Planning now owns 15,331 shares of the technology company’s stock worth $2,805,000 after purchasing an additional 2,120 shares in the last quarter. Signaturefd LLC grew its stake in Guidewire Software by 2.4% in the third quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after purchasing an additional 139 shares in the last quarter. Lecap Asset Management Ltd. grew its stake in Guidewire Software by 135.8% in the third quarter. Lecap Asset Management Ltd. now owns 25,554 shares of the technology company’s stock worth $4,675,000 after purchasing an additional 14,715 shares in the last quarter. International Assets Investment Management LLC grew its stake in Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after purchasing an additional 256,702 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Guidewire Software by 370.4% in the third quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock worth $27,501,000 after purchasing an additional 118,369 shares in the last quarter.

Guidewire Software Stock Performance

GWRE opened at $213.29 on Thursday. The business’s 50 day moving average is $189.01 and its 200-day moving average is $180.49. The stock has a market cap of $17.81 billion, a PE ratio of 592.48, a price-to-earnings-growth ratio of 37.63 and a beta of 1.25. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GWRE. JMP Securities reiterated a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Robert W. Baird raised their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company raised their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Oppenheimer raised their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One 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 MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average target price of $204.50.

Insider Activity

In related news, President John P. Mullen sold 7,165 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the sale, the president now owns 182,096 shares of the company’s stock, valued at $31,149,341.76. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the sale, the chief executive officer now directly owns 281,730 shares in the company, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,156 shares of company stock valued at $6,522,757. Insiders own 0.48% of the company’s stock.

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.