Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 63.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,675 shares of the technology company's stock after selling 7,991 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Guidewire Software were worth $855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rothschild Investment LLC purchased a new position in Guidewire Software during the 2nd quarter worth approximately $31,000. Assetmark Inc. lifted 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 purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software in the third quarter valued at $33,000. Brooklyn Investment Group acquired a new stake in Guidewire Software during the 3rd quarter worth about $42,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Guidewire Software during the 2nd quarter valued at about $55,000.

Guidewire Software Price Performance

NYSE:GWRE traded down $2.46 during trading hours on Thursday, hitting $172.06. 1,266,162 shares of the stock were exchanged, compared to its average volume of 749,458. The firm's fifty day moving average price is $189.77 and its 200 day moving average price is $163.86. Guidewire Software, Inc. has a 52-week low of $102.66 and a 52-week high of $209.15. The company has a market cap of $14.37 billion, a P/E ratio of 477.94, a P/E/G ratio of 45.60 and a beta of 1.18. The company has a current ratio of 2.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the transaction, the president now directly owns 189,261 shares of the company's stock, valued at $37,420,684.92. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 2,828 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $483,757.68. Following the completion of the sale, the chief financial officer now owns 74,911 shares of the company's stock, valued at $12,814,275.66. This trade represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,997 shares of company stock valued at $3,827,513. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on GWRE shares. JMP Securities reaffirmed a "market outperform" rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. DA Davidson reaffirmed a "buy" rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. BTIG Research lifted their price objective on shares of Guidewire Software from $140.00 to $165.00 and gave the company a "buy" rating in a report on Friday, August 30th. Finally, Oppenheimer increased their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.00.

About Guidewire Software

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.