Alaska Permanent Fund Corp Takes $741,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Alaska Permanent Fund Corp purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,795 shares of the technology company's stock, valued at approximately $741,000.

Other institutional investors have also added to or reduced their stakes in the company. Gotham Asset Management LLC boosted its stake in Guidewire Software by 253.3% in the 3rd quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company's stock valued at $1,126,000 after purchasing an additional 8,970 shares during the period. Vanguard Group Inc. lifted its position in shares of Guidewire Software by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company's stock valued at $724,092,000 after acquiring an additional 38,954 shares during the period. AQR Capital Management LLC lifted its position in shares of Guidewire Software by 32.9% during the 3rd quarter. AQR Capital Management LLC now owns 53,084 shares of the technology company's stock valued at $4,778,000 after acquiring an additional 13,136 shares during the period. Hsbc Holdings PLC lifted its position in shares of Guidewire Software by 1,318.8% during the 3rd quarter. Hsbc Holdings PLC now owns 42,677 shares of the technology company's stock valued at $3,880,000 after acquiring an additional 39,669 shares during the period. Finally, Lindbrook Capital LLC lifted its position in shares of Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company's stock valued at $46,000 after acquiring an additional 132 shares during the period.

Analysts Set New Price Targets

GWRE has been the subject of a number of recent analyst reports. Robert W. Baird upped their target price on Guidewire Software from $131.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. DA Davidson reiterated a "buy" rating and set a $126.00 target price on shares of Guidewire Software in a research report on Tuesday, March 5th. Raymond James initiated coverage on Guidewire Software in a research report on Thursday, February 1st. They set an "outperform" rating and a $125.00 target price for the company. Finally, Oppenheimer upped their target price on Guidewire Software from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.11.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded up $1.59 during trading on Friday, reaching $113.57. 260,769 shares of the company's stock were exchanged, compared to its average volume of 617,965. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45. Guidewire Software, Inc. has a 1-year low of $68.45 and a 1-year high of $122.35. The company has a market cap of $9.35 billion, a P/E ratio of -183.14 and a beta of 1.15. The firm's 50-day moving average price is $114.88 and its 200 day moving average price is $106.50.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The business had revenue of $240.90 million during the quarter, compared to analysts' expectations of $240.93 million. As a group, research analysts anticipate that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares of the company's stock, valued at approximately $16,485,033.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider John P. Mullen sold 3,665 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the sale, the insider now owns 149,397 shares of the company's stock, valued at $16,695,114.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the sale, the insider now directly owns 148,047 shares of the company's stock, valued at approximately $16,485,033.45. The disclosure for this sale can be found here. Insiders sold a total of 9,435 shares of company stock valued at $1,053,821 in the last 90 days. Corporate insiders own 0.38% 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.