State of Alaska Department of Revenue Has $668,000 Stock Position in Schrodinger, Inc. $SDGR

State of Alaska Department of Revenue lifted its holdings in shares of Schrodinger, Inc. (NASDAQ:SDGR) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,208 shares of the company’s stock after purchasing an additional 2,503 shares during the quarter. State of Alaska Department of Revenue’s holdings in Schrodinger were worth $668,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Greenwood Capital Associates LLC grew its stake in Schrodinger by 2.7% in the 1st quarter. Greenwood Capital Associates LLC now owns 23,139 shares of the company’s stock valued at $457,000 after buying an additional 612 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Schrodinger by 29.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the company’s stock valued at $58,000 after buying an additional 680 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Schrodinger by 347.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company’s stock valued at $26,000 after buying an additional 997 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Schrodinger by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company’s stock valued at $653,000 after buying an additional 1,412 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Schrodinger by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 511,395 shares of the company’s stock valued at $10,095,000 after buying an additional 1,715 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

SDGR has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Schrodinger from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays initiated coverage on shares of Schrodinger in a research note on Thursday, August 14th. They issued an “overweight” rating and a $25.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Schrodinger in a research note on Saturday, September 27th. Citigroup lowered shares of Schrodinger from a “buy” rating to a “neutral” rating and lowered their target price for the company from $35.00 to $20.00 in a research note on Friday, August 15th. Finally, KeyCorp decreased their price target on shares of Schrodinger from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, July 14th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Schrodinger presently has an average rating of “Hold” and an average target price of $26.57.

Schrodinger Stock Performance

NASDAQ:SDGR opened at $20.16 on Wednesday. The company has a 50-day moving average of $19.57 and a 200-day moving average of $21.37. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -8.13 and a beta of 1.74. Schrodinger, Inc. has a 52 week low of $16.60 and a 52 week high of $28.47.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.24. The company had revenue of $54.76 million during the quarter, compared to the consensus estimate of $52.03 million. Schrodinger had a negative net margin of 76.22% and a negative return on equity of 45.70%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.66) EPS. Sell-side analysts forecast that Schrodinger, Inc. will post -2.37 EPS for the current year.

Schrodinger 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.