Public Employees Retirement System of Ohio Sells 4,508 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Public Employees Retirement System of Ohio trimmed its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 12.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,059 shares of the technology company's stock after selling 4,508 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Guidewire Software were worth $5,865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Assetmark Inc. grew its position in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after acquiring an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software during the third quarter valued at approximately $33,000. Rothschild Investment LLC acquired a new stake in Guidewire Software during the second quarter valued at approximately $31,000. Brooklyn Investment Group bought a new position in shares of Guidewire Software during the third quarter valued at approximately $42,000. Finally, DT Investment Partners LLC bought a new position in shares of Guidewire Software during the second quarter valued at approximately $41,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on GWRE shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Friday, December 6th. Wells Fargo & Company increased their price target on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Oppenheimer increased their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Stifel Nicolaus increased their target price on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Citigroup increased their target price on Guidewire Software from $123.00 to $165.00 and gave the company a "neutral" rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $193.00.

Guidewire Software Stock Down 0.6 %

Guidewire Software stock traded down $0.96 during mid-day trading on Friday, hitting $172.76. 1,095,975 shares of the company's stock were exchanged, compared to its average volume of 734,977. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market cap of $14.43 billion, a P/E ratio of 479.89, a P/E/G ratio of 45.60 and a beta of 1.18. Guidewire Software, Inc. has a 1-year low of $95.50 and a 1-year high of $209.15. The stock has a 50 day moving average of $190.61 and a two-hundred day moving average of $162.60.

Insiders Place Their Bets

In other news, President John P. Mullen sold 1,350 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the sale, the president now directly owns 189,261 shares of the company's stock, valued at approximately $37,420,684.92. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 10,334 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,779,101.44. Following the sale, the chief financial officer now directly owns 83,367 shares in the company, valued at approximately $14,352,462.72. This trade represents a 11.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $9,116,179 over the last three months. 0.48% of the stock is currently 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.