State of New Jersey Common Pension Fund D Purchases 707 Shares of Guidewire Software, Inc. (NYSE:GWRE)

State of New Jersey Common Pension Fund D boosted its position in Guidewire Software, Inc. (NYSE:GWRE) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,566 shares of the technology company’s stock after acquiring an additional 707 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Guidewire Software were worth $4,647,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GWRE. Versant Capital Management Inc bought a new stake in shares of Guidewire Software during the fourth quarter worth about $25,000. Assetmark Inc. boosted its stake in Guidewire Software by 537.0% during the 3rd 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 last quarter. Point72 Hong Kong Ltd bought a new stake in Guidewire Software during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group purchased a new stake in shares of Guidewire Software in the third quarter worth approximately $42,000. Finally, R Squared Ltd bought a new position in shares of Guidewire Software in the fourth quarter valued at approximately $47,000.

Guidewire Software Price Performance

GWRE opened at $213.29 on Thursday. The firm has a 50-day moving average price of $189.01 and a 200-day moving average price of $180.49. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month 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 capitalization of $17.81 billion, a price-to-earnings ratio of 592.48, a PEG ratio of 37.63 and a beta of 1.25.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GWRE. JMP Securities reiterated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Robert W. Baird boosted their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Oppenheimer increased their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada lifted their target price on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $204.50.

Insider Buying and Selling

In related news, President John P. Mullen sold 7,165 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the sale, the president now owns 182,096 shares of the company’s stock, valued at approximately $31,149,341.76. This represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 2,828 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $483,757.68. Following the transaction, the chief financial officer now directly owns 74,911 shares of the company’s stock, valued at $12,814,275.66. The trade was a 3.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,156 shares of company stock valued at $6,522,757. Company insiders own 0.48% of the company’s stock.

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.