California Public Employees Retirement System Buys 435 Shares of Guidewire Software, Inc. (NYSE:GWRE)

California Public Employees Retirement System lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 161,960 shares of the technology company’s stock after buying an additional 435 shares during the period. California Public Employees Retirement System owned about 0.20% of Guidewire Software worth $17,660,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Banque Cantonale Vaudoise bought a new position in Guidewire Software in the third quarter valued at about $25,000. RiverPark Advisors LLC acquired a new stake in Guidewire Software during the 4th quarter worth approximately $27,000. CENTRAL TRUST Co bought a new stake in Guidewire Software during the 3rd quarter worth approximately $29,000. Castleview Partners LLC acquired a new position in Guidewire Software in the 3rd quarter valued at approximately $40,000. Finally, Lindbrook Capital LLC raised its stake in shares of Guidewire Software by 45.7% during the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after acquiring an additional 132 shares during the last quarter.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $493,935.00. Following the transaction, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at approximately $27,420,656.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John P. Mullen sold 3,665 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the completion of the sale, the insider now owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,435 shares of company stock worth $1,053,821. Insiders own 0.38% of the company’s stock.

Guidewire Software Stock Down 0.6 %

Guidewire Software stock opened at $112.89 on Tuesday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average is $114.77 and its 200 day moving average is $106.86. The company has a market capitalization of $9.29 billion, a PE ratio of -182.07 and a beta of 1.15. Guidewire Software, Inc. has a 12-month low of $68.45 and a 12-month high of $122.35.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The firm had revenue of $240.90 million during the quarter, compared to the consensus estimate of $240.93 million. As a group, sell-side analysts predict that Guidewire Software, Inc. will post -0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GWRE. Robert W. Baird boosted their price objective on shares of Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. DA Davidson reissued a “buy” rating and issued a $126.00 price target on shares of Guidewire Software in a research note on Tuesday, March 5th. Oppenheimer raised their price objective on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Finally, Raymond James assumed coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 target price for the company. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.11.

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.