SG Americas Securities LLC Raises Holdings in Schrödinger, Inc. (NASDAQ:SDGR)

SG Americas Securities LLC lifted its holdings in Schrödinger, Inc. (NASDAQ:SDGR) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,125 shares of the company’s stock after acquiring an additional 397 shares during the period. SG Americas Securities LLC’s holdings in Schrödinger were worth $183,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SDGR. BlackRock Inc. lifted its holdings in shares of Schrödinger by 118.4% in the 2nd quarter. BlackRock Inc. now owns 8,438,927 shares of the company’s stock valued at $421,271,000 after acquiring an additional 4,574,800 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Schrödinger in the 4th quarter valued at about $26,567,000. FMR LLC lifted its holdings in shares of Schrödinger by 185.6% in the 1st quarter. FMR LLC now owns 1,362,204 shares of the company’s stock valued at $35,867,000 after acquiring an additional 885,190 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Schrödinger by 1,463.0% in the 2nd quarter. Millennium Management LLC now owns 930,145 shares of the company’s stock valued at $24,565,000 after acquiring an additional 870,635 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Schrödinger by 67.5% in the 2nd quarter. State Street Corp now owns 1,994,120 shares of the company’s stock valued at $99,546,000 after acquiring an additional 803,310 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Schrödinger Stock Performance

Schrödinger stock opened at $26.45 on Monday. The company has a 50 day moving average price of $27.46 and a 200-day moving average price of $28.49. Schrödinger, Inc. has a fifty-two week low of $20.76 and a fifty-two week high of $59.24. The company has a market capitalization of $1.91 billion, a PE ratio of 41.98 and a beta of 1.57.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.12. The company had revenue of $74.10 million for the quarter, compared to analyst estimates of $79.12 million. Schrödinger had a net margin of 18.79% and a negative return on equity of 23.58%. Schrödinger’s revenue was up 30.5% compared to the same quarter last year. During the same period last year, the company posted ($0.39) earnings per share. On average, analysts forecast that Schrödinger, Inc. will post -2.73 earnings per share for the current year.

Insider Activity at Schrödinger

In other Schrödinger news, COO Kenneth Patrick Lorton sold 901 shares of Schrödinger stock in a transaction on Monday, February 12th. The shares were sold at an average price of $28.29, for a total value of $25,489.29. Following the transaction, the chief operating officer now directly owns 36,487 shares of the company’s stock, valued at $1,032,217.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Schrödinger news, COO Kenneth Patrick Lorton sold 901 shares of Schrödinger stock in a transaction on Monday, February 12th. The shares were sold at an average price of $28.29, for a total value of $25,489.29. Following the transaction, the chief operating officer now directly owns 36,487 shares of the company’s stock, valued at $1,032,217.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Lorne Abel sold 1,205 shares of Schrödinger stock in a transaction on Monday, February 12th. The stock was sold at an average price of $27.55, for a total transaction of $33,197.75. Following the completion of the transaction, the insider now directly owns 9,340 shares in the company, valued at $257,317. The disclosure for this sale can be found here. Insiders have sold a total of 3,651 shares of company stock valued at $102,395 over the last ninety days. 7.60% of the stock is owned by company insiders.

Analyst Ratings Changes

SDGR has been the subject of a number of analyst reports. Citigroup lowered their price target on shares of Schrödinger from $47.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 29th. The Goldman Sachs Group lowered their price target on shares of Schrödinger from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 1st. Craig Hallum decreased their price objective on shares of Schrödinger from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, January 19th. KeyCorp decreased their price objective on shares of Schrödinger from $38.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. Finally, Bank of America decreased their price objective on shares of Schrödinger from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Schrödinger currently has an average rating of “Moderate Buy” and a consensus price target of $43.50.

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.