Sumitomo Mitsui Trust Group Inc. Acquires 1,319,464 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 60.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,510,518 shares of the company’s stock after buying an additional 1,319,464 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 4.82% of Schrödinger worth $67,718,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SDGR. Creative Planning purchased a new position in Schrödinger in the second quarter valued at about $425,000. SG Americas Securities LLC bought a new stake in shares of Schrödinger in the 3rd quarter worth approximately $313,000. Private Advisor Group LLC lifted its stake in Schrödinger by 20.5% in the third quarter. Private Advisor Group LLC now owns 12,150 shares of the company’s stock valued at $225,000 after purchasing an additional 2,065 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in Schrödinger by 39.6% during the third quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock valued at $28,565,000 after purchasing an additional 436,789 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Schrödinger by 5.0% in the third quarter. Harbor Capital Advisors Inc. now owns 13,059 shares of the company’s stock worth $242,000 after buying an additional 622 shares during the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SDGR. KeyCorp upped their price target on Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. BMO Capital Markets upped their price objective on shares of Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.11.

Schrödinger Stock Down 0.8 %

Shares of NASDAQ SDGR opened at $25.67 on Monday. The business has a 50-day simple moving average of $21.60 and a two-hundred day simple moving average of $20.27. Schrödinger, Inc. has a 52 week low of $16.67 and a 52 week high of $33.63. The company has a market cap of $1.87 billion, a P/E ratio of -10.97 and a beta of 1.61.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.12). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $41.25 million. During the same period in the prior year, the firm posted ($0.86) EPS. Schrödinger’s revenue was down 17.1% on a year-over-year basis. Equities research analysts anticipate that Schrödinger, Inc. will post -2.37 EPS for the current year.

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.