State of New Jersey Common Pension Fund D Boosts Stake in Guidewire Software, Inc. (NYSE:GWRE)

State of New Jersey Common Pension Fund D boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,566 shares of the technology company’s stock after acquiring an additional 707 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Guidewire Software were worth $4,647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning raised its stake in Guidewire Software by 16.0% in the third quarter. Creative Planning now owns 15,331 shares of the technology company’s stock valued at $2,805,000 after purchasing an additional 2,120 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Guidewire Software by 2.4% in the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after buying an additional 139 shares during the last quarter. Lecap Asset Management Ltd. raised its position in shares of Guidewire Software by 135.8% during the 3rd quarter. Lecap Asset Management Ltd. now owns 25,554 shares of the technology company’s stock valued at $4,675,000 after buying an additional 14,715 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Guidewire Software by 18,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after acquiring an additional 256,702 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Guidewire Software by 370.4% in the third quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock worth $27,501,000 after acquiring an additional 118,369 shares in the last quarter.

Guidewire Software Stock Down 1.0 %

Shares of NYSE GWRE opened at $213.29 on Thursday. The firm’s fifty day moving average is $189.01 and its 200 day moving average is $180.49. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market cap of $17.81 billion, a price-to-earnings ratio of 592.48, a PEG ratio of 37.63 and a beta of 1.25.

Insiders Place Their Bets

In other Guidewire Software news, insider James Winston King sold 1,509 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $258,129.54. Following the completion of the sale, the insider now owns 46,728 shares in the company, valued at approximately $7,993,291.68. This trade represents a 3.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the transaction, the chief executive officer now directly owns 274,730 shares in the company, valued at $58,979,036.40. This trade represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,156 shares of company stock valued at $6,522,757 in the last quarter. Insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus raised their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada upped their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.50.

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.