Massachusetts Financial Services Co. MA Increases Stock Holdings in Schrodinger, Inc. $SDGR

Massachusetts Financial Services Co. MA raised its stake in Schrodinger, Inc. (NASDAQ:SDGR) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,291,349 shares of the company’s stock after purchasing an additional 218,916 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Schrodinger were worth $40,969,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Schrodinger by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company’s stock worth $653,000 after purchasing an additional 1,412 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Schrodinger by 75.2% during the second quarter. Cetera Investment Advisers now owns 29,973 shares of the company’s stock worth $603,000 after purchasing an additional 12,868 shares during the last quarter. Norges Bank purchased a new position in shares of Schrodinger during the second quarter worth about $311,000. Invesco Ltd. grew its holdings in shares of Schrodinger by 15.6% during the second quarter. Invesco Ltd. now owns 155,895 shares of the company’s stock worth $3,137,000 after purchasing an additional 21,039 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Schrodinger during the second quarter worth about $1,227,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Schrodinger Stock Up 4.0%

NASDAQ SDGR opened at $11.91 on Wednesday. Schrodinger, Inc. has a 52-week low of $10.94 and a 52-week high of $27.63. The business’s 50-day moving average price is $12.04 and its 200 day moving average price is $16.15. The firm has a market cap of $879.20 million, a P/E ratio of -8.39 and a beta of 1.62.

Schrodinger (NASDAQ:SDGR) last released its earnings results 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. The business had revenue of $87.24 million for the quarter, compared to analyst estimates of $83.66 million. Schrodinger had a negative return on equity of 29.47% and a negative net margin of 40.37%.The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) earnings per share. As a group, analysts anticipate that Schrodinger, Inc. will post -2.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. KeyCorp cut their target price on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. TD Cowen reaffirmed a “buy” rating on shares of Schrodinger in a report on Thursday, January 8th. Finally, UBS Group cut their target price on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, March 17th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.50.

Insider Activity

In other Schrodinger news, CEO Ramy Farid sold 3,661 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $12.91, for a total value of $47,263.51. Following the transaction, the chief executive officer directly owned 330,824 shares of the company’s stock, valued at approximately $4,270,937.84. The trade was a 1.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 15,340 shares of company stock valued at $200,605 over the last quarter. Insiders own 21.00% of the company’s stock.

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.