Guidewire Software, Inc. (NYSE:GWRE) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 34.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 24,610 shares of the technology company's stock after selling 13,191 shares during the period. Teacher Retirement System of Texas' holdings in Guidewire Software were worth $4,611,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Guidewire Software by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock worth $1,425,434,000 after purchasing an additional 90,618 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Guidewire Software by 29.5% during the fourth 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 period. Stockbridge Partners LLC lifted its stake in shares of Guidewire Software by 8.3% during the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock worth $451,602,000 after buying an additional 205,382 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock worth $237,323,000 after buying an additional 291,774 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock worth $226,701,000 after buying an additional 12,697 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GWRE shares. Raymond James Financial lifted their price objective on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. DA Davidson reiterated a "neutral" rating and set a $226.00 price objective on shares of Guidewire Software in a research note on Wednesday, June 4th. Citigroup raised their target price on shares of Guidewire Software from $199.00 to $247.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $290.00 target price on shares of Guidewire Software in a report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Guidewire Software has an average rating of "Moderate Buy" and an average target price of $248.31.

Guidewire Software Price Performance

Shares of GWRE traded down $5.69 during trading hours on Friday, hitting $219.44. 611,491 shares of the stock were exchanged, compared to its average volume of 967,773. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. Guidewire Software, Inc. has a 12-month low of $132.01 and a 12-month high of $263.20. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 548.60, a price-to-earnings-growth ratio of 20.51 and a beta of 1.16. The stock's 50-day moving average price is $228.17 and its two-hundred day moving average price is $204.09.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. Research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $256.50, for a total transaction of $359,100.00. Following the transaction, the chief executive officer directly owned 245,993 shares in the company, valued at approximately $63,097,204.50. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total transaction of $705,150.00. Following the transaction, the president directly owned 146,489 shares in the company, valued at $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,860 shares of company stock worth $4,214,136 over the last 90 days. 0.48% of the stock is currently owned by company insiders.

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.