California State Teachers Retirement System Reduces Holdings in Schrödinger, Inc. (NASDAQ:SDGR)

California State Teachers Retirement System reduced its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGRFree Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,952 shares of the company’s stock after selling 527 shares during the period. California State Teachers Retirement System owned 0.08% of Schrödinger worth $1,137,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. lifted its position in Schrödinger by 60.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company’s stock valued at $67,718,000 after acquiring an additional 1,319,464 shares during the period. Nikko Asset Management Americas Inc. increased its stake in Schrödinger by 108.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 2,464,911 shares of the company’s stock valued at $47,499,000 after purchasing an additional 1,283,949 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Schrödinger by 17.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,279,313 shares of the company’s stock valued at $43,968,000 after purchasing an additional 334,131 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Schrödinger by 3.6% in the fourth quarter. Lazard Asset Management LLC now owns 1,700,909 shares of the company’s stock worth $32,810,000 after acquiring an additional 58,541 shares during the period. Finally, Stephens Investment Management Group LLC grew its stake in shares of Schrödinger by 4.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,607,656 shares of the company’s stock worth $31,012,000 after acquiring an additional 67,786 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Schrödinger Trading Up 3.5%

SDGR opened at $25.47 on Tuesday. The company’s 50 day moving average is $23.16 and its 200 day moving average is $22.35. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -10.88 and a beta of 1.63. Schrödinger, Inc. has a 12-month low of $16.60 and a 12-month high of $28.47.

Schrödinger (NASDAQ:SDGRGet Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.01). The business had revenue of $59.55 million for the quarter, compared to the consensus estimate of $54.60 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The company’s revenue was up 62.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.86) EPS. As a group, analysts predict that Schrödinger, Inc. will post -2.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SDGR. Piper Sandler decreased their target price on shares of Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. KeyCorp lifted their price objective on Schrödinger from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $32.80.

Check Out Our Latest Report on SDGR

Insider Buying and Selling at Schrödinger

In other news, insider Karen Akinsanya sold 16,723 shares of the company’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $25.09, for a total value of $419,580.07. Following the completion of the transaction, the insider now owns 15,625 shares of the company’s stock, valued at $392,031.25. This represents a 51.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Schrödinger Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Schrödinger (NASDAQ:SDGR)

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