Strs Ohio Has $232,000 Holdings in Schrödinger, Inc. (NASDAQ:SDGR)

Strs Ohio decreased its position in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 27.8% in the fourth quarter, Holdings Channel reports. The fund owned 6,500 shares of the company’s stock after selling 2,500 shares during the period. Strs Ohio’s holdings in Schrödinger were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Spire Wealth Management lifted its position in shares of Schrödinger by 66.7% during the 3rd quarter. Spire Wealth Management now owns 1,000 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Schrödinger by 3,480.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,790 shares of the company’s stock worth $64,000 after buying an additional 1,740 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Schrödinger by 23.4% in the third quarter. SG Americas Securities LLC now owns 4,728 shares of the company’s stock valued at $134,000 after acquiring an additional 896 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Schrödinger by 34.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,244 shares of the company’s stock worth $152,000 after acquiring an additional 1,076 shares during the last quarter. Finally, Aurora Investment Managers LLC. bought a new position in Schrödinger during the fourth quarter worth $201,000. 79.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Schrödinger Price Performance

Shares of SDGR stock opened at $24.44 on Tuesday. The stock’s fifty day simple moving average is $26.61 and its 200 day simple moving average is $28.28. Schrödinger, Inc. has a one year low of $20.76 and a one year high of $59.24. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 38.79 and a beta of 1.57.

Schrödinger (NASDAQ:SDGR) last issued its earnings results on Wednesday, February 28th. The company reported ($0.32) 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 the consensus estimate of $79.12 million. Schrödinger had a net margin of 18.79% and a negative return on equity of 23.58%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.39) EPS. On average, research analysts anticipate that Schrödinger, Inc. will post -2.73 earnings per share for the current year.

Insider Buying and Selling at Schrödinger

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

Schrödinger Company Profile

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.