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

New York State Common Retirement Fund lowered its position in Guidewire Software, Inc. (NYSE:GWRE) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 495,941 shares of the technology company’s stock after selling 37,040 shares during the period. New York State Common Retirement Fund owned approximately 0.59% of Guidewire Software worth $83,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GWRE. Creative Planning grew its holdings in Guidewire Software by 16.0% during the 3rd quarter. Creative Planning now owns 15,331 shares of the technology company’s stock valued at $2,805,000 after buying an additional 2,120 shares during the last quarter. Signaturefd LLC grew its holdings in Guidewire Software by 2.4% during the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock valued at $1,107,000 after buying an additional 139 shares during the last quarter. Lecap Asset Management Ltd. grew its holdings in Guidewire Software by 135.8% during the 3rd quarter. Lecap Asset Management Ltd. now owns 25,554 shares of the technology company’s stock valued at $4,675,000 after buying an additional 14,715 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Guidewire Software by 18,001.5% during 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 buying an additional 256,702 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Guidewire Software by 370.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock valued at $27,501,000 after buying an additional 118,369 shares during the last quarter.

Guidewire Software Trading Down 1.0 %

Shares of GWRE opened at $213.29 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 firm has a market capitalization of $17.81 billion, a P/E ratio of 592.48, a price-to-earnings-growth ratio of 37.63 and a beta of 1.25. The stock’s fifty day simple moving average is $189.01 and its 200 day simple moving average is $180.49. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of analyst reports. DA Davidson reiterated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Robert W. Baird increased their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. JMP Securities reissued a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Oppenheimer increased their price target on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company increased their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $204.50.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 281,730 shares in the company, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Winston King sold 1,509 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $258,129.54. Following the completion of the sale, the insider now owns 46,728 shares of the company’s stock, valued at approximately $7,993,291.68. This represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 36,156 shares of company stock worth $6,522,757. Corporate 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.