Vanguard Group Inc. Sells 277,572 Shares of Schrodinger, Inc. $SDGR

Vanguard Group Inc. decreased its position in Schrodinger, Inc. (NASDAQ:SDGR) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,339,077 shares of the company’s stock after selling 277,572 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Schrodinger worth $127,162,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Rubric Capital Management LP boosted its stake in shares of Schrodinger by 4.2% in the 2nd quarter. Rubric Capital Management LP now owns 5,000,000 shares of the company’s stock valued at $100,600,000 after purchasing an additional 200,000 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Schrodinger by 24.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,554,569 shares of the company’s stock worth $91,365,000 after buying an additional 904,619 shares during the period. Nikko Asset Management Americas Inc. grew its position in shares of Schrodinger by 7.2% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,591,492 shares of the company’s stock valued at $52,089,000 after purchasing an additional 174,684 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Schrodinger by 38.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,072,433 shares of the company’s stock worth $41,573,000 after acquiring an additional 577,899 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Schrodinger by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,362,605 shares of the company’s stock valued at $27,419,000 after purchasing an additional 18,156 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Schrodinger Price Performance

Shares of Schrodinger stock opened at $12.50 on Wednesday. The firm has a market capitalization of $920.88 million, a price-to-earnings ratio of -8.80 and a beta of 1.57. The business has a 50-day simple moving average of $15.10 and a 200 day simple moving average of $17.71. Schrodinger, Inc. has a one year low of $11.11 and a one year high of $27.63.

Schrodinger (NASDAQ:SDGR) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.57. Schrodinger had a negative net margin of 40.37% and a negative return on equity of 29.47%. The firm had revenue of $87.24 million during the quarter, compared to analysts’ expectations of $83.66 million. During the same period last year, the company earned ($0.24) earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that Schrodinger, Inc. will post -2.37 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. TD Cowen reiterated a “buy” rating on shares of Schrodinger in a research note on Thursday, January 8th. UBS Group began coverage on Schrodinger in a report on Wednesday, January 7th. They set a “neutral” rating and a $18.00 price objective for the company. Bank of America upgraded shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, December 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Finally, Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.75.

Schrodinger Profile

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.