Schrödinger, Inc. (NASDAQ:SDGR) Shares Purchased by Swiss National Bank

Swiss National Bank increased its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR – Get Rating) by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 142,300 shares of the company’s stock after purchasing an additional 2,700 shares during the quarter. Swiss National Bank owned 0.20% of Schrödinger worth $2,660,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE increased its position in Schrödinger by 69.2% during the 1st quarter. US Bancorp DE now owns 1,932 shares of the company’s stock worth $66,000 after purchasing an additional 790 shares in the last quarter. IFP Advisors Inc grew its position in Schrödinger by 294.7% in the third quarter. IFP Advisors Inc now owns 3,750 shares of the company’s stock valued at $107,000 after acquiring an additional 2,800 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Schrödinger by 240.2% in the third quarter. Tower Research Capital LLC TRC now owns 6,372 shares of the company’s stock valued at $160,000 after acquiring an additional 4,499 shares in the last quarter. SG Americas Securities LLC grew its position in Schrödinger by 124.8% in the third quarter. SG Americas Securities LLC now owns 8,978 shares of the company’s stock valued at $224,000 after acquiring an additional 4,985 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Schrödinger by 21.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,887 shares of the company’s stock valued at $241,000 after acquiring an additional 2,249 shares in the last quarter. Institutional investors and hedge funds own 68.70% of the company’s stock.

Schrödinger Price Performance

Shares of SDGR opened at $38.52 on Wednesday. The business’s fifty day moving average price is $28.05 and its 200 day moving average price is $23.69. Schrödinger, Inc. has a 12-month low of $15.85 and a 12-month high of $40.69. The stock has a market capitalization of $2.74 billion, a PE ratio of 296.33 and a beta of 1.06.

Schrödinger (NASDAQ:SDGR – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.11. Schrödinger had a negative return on equity of 27.77% and a net margin of 7.30%. The firm had revenue of $56.84 million for the quarter, compared to analysts’ expectations of $48.69 million. As a group, research analysts anticipate that Schrödinger, Inc. will post 0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on SDGR. BMO Capital Markets lowered their price objective on shares of Schrödinger from $83.00 to $78.00 and set an “outperform” rating for the company in a research report on Wednesday, March 1st. Citigroup lowered their price objective on shares of Schrödinger from $52.00 to $50.00 in a research report on Monday, May 8th. Morgan Stanley raised their price target on shares of Schrödinger from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, March 10th. Finally, Piper Sandler initiated coverage on shares of Schrödinger in a research report on Friday, May 5th. They set an “overweight” rating and a $60.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.00.

Insider Buying and Selling

In related news, Director Nancy Thornberry sold 14,850 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $35.00, for a total transaction of $519,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.90% of the stock is currently owned by company insiders.

About Schrödinger

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Schrödinger, Inc, together with its subsidiaries, provides physics-based software 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 selling its software for drug discovery in the life sciences industry, as well as to customers in materials science industries.