State of New Jersey Common Pension Fund D Has $4.83 Million Holdings in Guidewire Software, Inc. (NYSE:GWRE)

State of New Jersey Common Pension Fund D increased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 4.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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’s holdings in Guidewire Software were worth $4,828,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. RiverPark Advisors LLC acquired a new stake in Guidewire Software in the 4th quarter valued at approximately $27,000. Banque Cantonale Vaudoise acquired a new stake in Guidewire Software in the 3rd quarter valued at approximately $25,000. CENTRAL TRUST Co bought a new stake in shares of Guidewire Software in the 3rd quarter worth approximately $29,000. Lindbrook Capital LLC lifted its position in shares of Guidewire Software by 45.7% in the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after acquiring an additional 132 shares during the period. Finally, Castleview Partners LLC bought a new stake in shares of Guidewire Software in the 3rd quarter worth approximately $40,000.

Insiders Place Their Bets

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

Guidewire Software Price Performance

NYSE:GWRE traded up $1.59 during trading hours on Friday, hitting $113.57. 260,769 shares of the company’s stock traded hands, compared to its average volume of 617,965. 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 business’s fifty day simple moving average is $114.88 and its two-hundred day simple moving average is $106.50. Guidewire Software, Inc. has a 52 week low of $68.45 and a 52 week high of $122.35. The firm 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 released its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. On average, research analysts anticipate that Guidewire Software, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.