Teacher Retirement System of Texas Purchases 13,172 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Teacher Retirement System of Texas increased its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 53.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,801 shares of the technology company's stock after purchasing an additional 13,172 shares during the quarter. Teacher Retirement System of Texas' holdings in Guidewire Software were worth $6,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of Guidewire Software during the 3rd quarter worth approximately $26,501,000. Janus Henderson Group PLC increased its holdings in shares of Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company's stock valued at $29,719,000 after purchasing an additional 126,806 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Guidewire Software by 192.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company's stock valued at $22,635,000 after purchasing an additional 88,304 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Guidewire Software during the 4th quarter worth approximately $12,050,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Guidewire Software by 42.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 213,527 shares of the technology company's stock worth $35,996,000 after purchasing an additional 63,199 shares during the period.

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Insider Transactions at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $244,692.00. Following the sale, the chief executive officer now owns 280,330 shares of the company's stock, valued at approximately $48,996,077.40. This represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael C. Keller sold 1,939 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $338,898.42. Following the sale, the director now owns 14,118 shares of the company's stock, valued at approximately $2,467,544.04. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,180 shares of company stock worth $7,159,763 over the last ninety days. 0.48% of the stock is owned by insiders.

Guidewire Software Trading Down 1.1 %

Shares of NYSE:GWRE traded down $2.13 during midday trading on Thursday, hitting $191.44. 618,771 shares of the stock were exchanged, compared to its average volume of 865,885. The business's 50-day moving average price is $198.95 and its 200 day moving average price is $188.37. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 531.77, a P/E/G ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). The business had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GWRE shares. Robert W. Baird upped their target price on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. JMP Securities restated a "market outperform" rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. DA Davidson reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group boosted their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $206.08.

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.