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

New York State Common Retirement Fund lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 495,941 shares of the technology company's stock after selling 37,040 shares during the quarter. New York State Common Retirement Fund owned 0.59% of Guidewire Software worth $83,606,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in shares of Guidewire Software during the 4th quarter valued at approximately $25,000. Assetmark Inc. increased its position in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after purchasing an additional 145 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Guidewire Software during the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group bought a new position in shares of Guidewire Software during the 3rd quarter valued at approximately $42,000. Finally, R Squared Ltd bought a new position in shares of Guidewire Software during the 4th quarter valued at approximately $47,000.

Guidewire Software Stock Down 2.8 %

Shares of GWRE stock traded down $5.91 during mid-day trading on Friday, hitting $203.91. The stock had a trading volume of 356,574 shares, compared to its average volume of 1,343,336. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market capitalization of $17.03 billion, a P/E ratio of 566.56, a price-to-earnings-growth ratio of 37.83 and a beta of 1.25. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The firm's 50-day moving average is $189.74 and its two-hundred day moving average is $180.69.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several analyst reports. The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Friday, December 6th. Wells Fargo & Company upped their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus upped their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Guidewire Software currently has an average rating of "Moderate Buy" and an average target price of $204.50.

Insider Buying and Selling

In related news, insider James Winston King sold 270 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the transaction, the insider now directly owns 45,664 shares of the company's stock, valued at $7,981,153.92. This represents a 0.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President John P. Mullen sold 7,165 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the completion of the transaction, the president now directly owns 182,096 shares in the company, valued at $31,149,341.76. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,556 shares of company stock worth $6,820,145 in the last three months. 0.48% of the stock is owned by 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.