Schrödinger, Inc. (NASDAQ:SDGR) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its stake in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 17.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,279,313 shares of the company’s stock after purchasing an additional 334,131 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.13% of Schrödinger worth $43,968,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in Schrödinger by 60.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company’s stock valued at $67,718,000 after buying an additional 1,319,464 shares in the last quarter. Nikko Asset Management Americas Inc. grew its holdings in shares of Schrödinger by 108.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 2,464,911 shares of the company’s stock worth $47,499,000 after acquiring an additional 1,283,949 shares during the period. State Street Corp increased its stake in Schrödinger by 1.8% in the 3rd quarter. State Street Corp now owns 2,155,620 shares of the company’s stock valued at $39,987,000 after purchasing an additional 38,972 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in Schrödinger by 4.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,607,656 shares of the company’s stock worth $31,012,000 after purchasing an additional 67,786 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Schrödinger by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,319,205 shares of the company’s stock worth $24,476,000 after purchasing an additional 24,114 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Ratings Changes

SDGR has been the subject of several research reports. Piper Sandler cut their price target on Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. KeyCorp raised their target price on shares of Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $32.29.

Schrödinger Trading Down 4.5 %

Shares of SDGR stock opened at $18.03 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -7.71 and a beta of 1.77. The firm has a 50-day moving average price of $22.74 and a 200 day moving average price of $20.75. Schrödinger, Inc. has a twelve month low of $16.67 and a twelve month high of $29.15.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.20). The firm had revenue of $88.32 million for the quarter, compared to analysts’ expectations of $83.20 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. As a group, research analysts predict that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

Insider Activity

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $21.76, for a total value of $119,484.16. Following the transaction, the chief financial officer now directly owns 27,544 shares of the company’s stock, valued at approximately $599,357.44. This trade represents a 16.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.60% of the company’s stock.

About Schrödinger

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.