Massachusetts Financial Services Co. MA Acquires 577,899 Shares of Schrodinger, Inc. $SDGR

Massachusetts Financial Services Co. MA grew its holdings in Schrodinger, Inc. (NASDAQ:SDGR) by 38.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,072,433 shares of the company’s stock after purchasing an additional 577,899 shares during the period. Massachusetts Financial Services Co. MA owned about 2.82% of Schrodinger worth $41,573,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Fund Management S.A. bought a new stake in shares of Schrodinger in the 2nd quarter valued at about $1,486,000. Perigon Wealth Management LLC acquired a new position in shares of Schrodinger in the 2nd quarter valued at about $294,000. Nikko Asset Management Americas Inc. boosted its holdings in shares of Schrodinger by 7.2% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,591,492 shares of the company’s stock worth $52,089,000 after buying an additional 174,684 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Schrodinger by 24.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,554,569 shares of the company’s stock valued at $91,365,000 after purchasing an additional 904,619 shares in the last quarter. Finally, Slow Capital Inc. bought a new stake in shares of Schrodinger during the second quarter valued at approximately $2,085,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrodinger Price Performance

NASDAQ SDGR opened at $16.42 on Thursday. Schrodinger, Inc. has a 1 year low of $15.99 and a 1 year high of $28.47. The stock has a market capitalization of $1.21 billion, a PE ratio of -6.81 and a beta of 1.54. The company’s 50 day simple moving average is $17.73 and its two-hundred day simple moving average is $19.30.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.27. The business had revenue of $54.32 million for the quarter, compared to the consensus estimate of $50.51 million. Schrodinger had a negative return on equity of 48.24% and a negative net margin of 68.49%.The company’s revenue for the quarter was up 53.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.87) earnings per share. On average, research analysts anticipate that Schrodinger, Inc. will post -2.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SDGR shares. UBS Group started coverage on Schrodinger in a report on Wednesday, January 7th. They issued a “neutral” rating and a $18.00 target price on the stock. Wall Street Zen downgraded shares of Schrodinger from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. TD Cowen restated a “buy” rating on shares of Schrodinger in a report on Thursday, January 8th. KeyCorp lowered their target price on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.33.

Schrodinger Profile

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.