California State Teachers Retirement System Sells 2,641 Shares of Guidewire Software, Inc. $GWRE

California State Teachers Retirement System decreased its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,550 shares of the technology company's stock after selling 2,641 shares during the period. California State Teachers Retirement System owned about 0.11% of Guidewire Software worth $11,757,428 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GWRE. Bamco Inc. NY purchased a new stake in shares of Guidewire Software in the 2nd quarter worth $1,106,768,000. Linonia Partnership LP acquired a new position in Guidewire Software in the 2nd quarter valued at about $853,165,000. Route One Investment Company L.P. acquired a new stake in Guidewire Software in the 2nd quarter valued at about $227,564,000. Van ECK Associates Corp purchased a new stake in shares of Guidewire Software in the second quarter valued at about $149,611,000. Finally, Capital World Investors acquired a new position in Guidewire Software during the fourth quarter worth about $202,405,000.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $145.87, for a total value of $175,044.00. Following the completion of the sale, the chief executive officer owned 230,082 shares of the company's stock, valued at approximately $33,562,061.34. This trade represents a 0.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 14,400 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $185.00, for a total value of $2,664,000.00. Following the transaction, the president owned 116,715 shares of the company's stock, valued at approximately $21,592,275. This represents a 10.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,132 shares of company stock valued at $5,584,477 in the last 90 days. 0.46% of the stock is currently owned by company insiders.

Guidewire Software Stock Down 1.6%

Guidewire Software stock traded down $2.38 during mid-day trading on Tuesday, hitting $150.62. The company had a trading volume of 485,961 shares, compared to its average volume of 1,592,456. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 92.41 and a beta of 0.97. The business has a fifty day moving average of $163.27 and a 200 day moving average of $147.43. The company has a quick ratio of 2.44, a current ratio of 1.79 and a debt-to-equity ratio of 0.57. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $255.89.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. During the same period in the previous year, the firm earned $0.84 earnings per share. Guidewire Software's revenue for the quarter was up 15.3% on a year-over-year basis. On average, sell-side analysts expect that Guidewire Software, Inc. will post 2.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Guidewire Software from $300.00 to $258.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. DA Davidson reaffirmed a "buy" rating and set a $222.00 price target on shares of Guidewire Software in a research report on Friday, September 4th. BTIG Research boosted their price target on Guidewire Software from $175.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. The Goldman Sachs Group decreased their target price on Guidewire Software from $255.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, June 5th. Finally, Piper Sandler restated an "overweight" rating and set a $210.00 target price on shares of Guidewire Software in a report on Friday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Guidewire Software presently has a consensus rating of "Moderate Buy" and an average target price of $216.23.

Guidewire Software Profile

Guidewire Software, Inc NYSE: GWRE provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company's principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

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