Quantinno Capital Management LP Makes New $1.98 Million Investment in Schrodinger, Inc. $SDGR

Quantinno Capital Management LP bought a new position in shares of Schrodinger, Inc. (NASDAQ:SDGR) during the first quarter, Holdings Channel.com reports. The firm bought 174,095 shares of the company’s stock, valued at approximately $1,978,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SDGR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Schrodinger by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company’s stock worth $653,000 after purchasing an additional 1,412 shares during the period. Cetera Investment Advisers increased its stake in shares of Schrodinger by 75.2% in the 2nd quarter. Cetera Investment Advisers now owns 29,973 shares of the company’s stock worth $603,000 after acquiring an additional 12,868 shares in the last quarter. Norges Bank purchased a new position in Schrodinger during the 2nd quarter valued at about $311,000. Invesco Ltd. boosted its stake in Schrodinger by 15.6% during the second quarter. Invesco Ltd. now owns 155,895 shares of the company’s stock worth $3,137,000 after acquiring an additional 21,039 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in Schrodinger in the second quarter worth about $1,227,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Schrodinger Price Performance

NASDAQ SDGR opened at $18.65 on Wednesday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -25.20 and a beta of 1.63. Schrodinger, Inc. has a 1-year low of $10.94 and a 1-year high of $23.02. The business’s fifty day moving average price is $15.82 and its 200-day moving average price is $13.74.

Schrodinger (NASDAQ:SDGR) last posted its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.49. The company had revenue of $58.89 million for the quarter, compared to the consensus estimate of $47.19 million. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%.Schrodinger’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.65) earnings per share. Equities research analysts anticipate that Schrodinger, Inc. will post -1.94 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SDGR shares. Morgan Stanley lowered their target price on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Weiss Ratings upgraded Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of Schrodinger from a “strong sell” rating to a “hold” rating in a research note on Saturday. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.25.

About Schrodinger

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.