State of New Jersey Common Pension Fund D Purchases 2,078 Shares of Guidewire Software, Inc. (NYSE:GWRE)

State of New Jersey Common Pension Fund D boosted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,274 shares of the technology company’s stock after acquiring an additional 2,078 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of Guidewire Software worth $4,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of GWRE. RiverPark Advisors LLC bought a new position in Guidewire Software in the 4th quarter valued at about $27,000. Banque Cantonale Vaudoise bought a new stake in Guidewire Software in the third quarter valued at $25,000. CENTRAL TRUST Co bought a new stake in Guidewire Software in the 3rd quarter worth about $29,000. Lindbrook Capital LLC grew its position in shares of Guidewire Software by 45.7% during the 4th 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 period. Finally, Castleview Partners LLC bought a new position in shares of Guidewire Software during the 3rd quarter valued at approximately $40,000.

Analyst Ratings Changes

Several research firms recently commented on GWRE. Raymond James started coverage on shares of Guidewire Software in a report on Thursday, February 1st. They set an “outperform” rating and a $125.00 target price on the stock. Robert W. Baird upped their price objective on 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 reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. Finally, Oppenheimer increased their price target on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $115.11.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the business’s stock in a transaction that occurred 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 sale, 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 at this hyperlink. 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 value of $493,935.00. Following the completion of the sale, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares in the company, valued at approximately $16,485,033.45. The disclosure for this sale can be found here. Insiders sold 9,435 shares of company stock valued at $1,053,821 in the last quarter. Company insiders own 0.38% of the company’s stock.

Guidewire Software Price Performance

Shares of NYSE GWRE traded up $1.59 during mid-day trading on Friday, hitting $113.57. 260,769 shares of the stock were exchanged, compared to its average volume of 617,965. Guidewire Software, Inc. has a twelve month low of $68.45 and a twelve month high of $122.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. The stock’s fifty day simple moving average is $114.88 and its two-hundred day simple moving average is $106.50. The company has a market cap of $9.35 billion, a P/E ratio of -183.14 and a beta of 1.15.

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

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.