Public Employees Retirement System of Ohio Purchases 8,062 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Public Employees Retirement System of Ohio increased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 25.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,121 shares of the technology company's stock after purchasing an additional 8,062 shares during the period. Public Employees Retirement System of Ohio's holdings in Guidewire Software were worth $6,764,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Guidewire Software by 29.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after buying an additional 1,009,966 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after buying an additional 418,642 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Guidewire Software by 242.2% during the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock worth $93,683,000 after purchasing an additional 393,445 shares during the last quarter. Rathbones Group PLC bought a new position in shares of Guidewire Software during the fourth quarter worth about $58,118,000. Finally, Balyasny Asset Management L.P. lifted its position in shares of Guidewire Software by 877.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock worth $61,944,000 after purchasing an additional 329,863 shares during the last quarter.

Analyst Ratings Changes

GWRE has been the topic of a number of recent research reports. DA Davidson cut shares of Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 target price on the stock. in a report on Thursday, May 22nd. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Robert W. Baird raised their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and a consensus price target of $207.42.

Guidewire Software Price Performance

Shares of NYSE GWRE traded up $3.58 during mid-day trading on Friday, reaching $214.90. 881,209 shares of the company traded hands, compared to its average volume of 935,946. Guidewire Software, Inc. has a fifty-two week low of $107.65 and a fifty-two week high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market cap of $18.03 billion, a PE ratio of 596.94, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. The stock has a fifty day simple moving average of $199.49 and a 200-day simple moving average of $193.96.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The business had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $215.25, for a total transaction of $301,350.00. Following the transaction, the chief executive officer now owns 250,193 shares in the company, valued at approximately $53,854,043.25. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President John P. Mullen sold 2,300 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $467,199.00. Following the transaction, the president now owns 172,446 shares in the company, valued at $35,028,955.98. This represents a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,371 shares of company stock valued at $6,222,685. Company insiders own 0.48% of the company's stock.

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.