California Public Employees Retirement System Purchases 7,467 Shares of Guidewire Software, Inc. (NYSE:GWRE)

California Public Employees Retirement System boosted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,246 shares of the technology company's stock after acquiring an additional 7,467 shares during the period. California Public Employees Retirement System owned 0.46% of Guidewire Software worth $65,113,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its position in shares of Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock worth $159,503,000 after purchasing an additional 418,642 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Guidewire Software by 26.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock valued at $237,323,000 after purchasing an additional 291,774 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Guidewire Software during the 3rd quarter valued at about $26,501,000. Janus Henderson Group PLC raised its holdings in Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company's stock worth $29,719,000 after buying an additional 126,806 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Guidewire Software by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock worth $1,425,434,000 after buying an additional 90,618 shares in the last quarter.

Insiders Place Their Bets

In related news, insider James Winston King sold 270 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the completion of the transaction, the insider now directly owns 45,664 shares in the company, valued at approximately $7,981,153.92. The trade was a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $214.68, for a total transaction of $300,552.00. Following the sale, the chief executive officer now owns 274,730 shares in the company, valued at approximately $58,979,036.40. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,880 shares of company stock worth $7,850,222 over the last quarter. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Performance

Shares of NYSE GWRE traded down $9.82 during midday trading on Friday, hitting $174.35. 864,625 shares of the company's stock traded hands, compared to its average volume of 894,155. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 484.30, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The firm has a fifty day moving average of $198.84 and a 200 day moving average of $189.30. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $285.74 million. On average, analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GWRE. The Goldman Sachs Group raised 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. Robert W. Baird lifted their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. JPMorgan Chase & Co. upped their price target on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

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.