Massachusetts Financial Services Co. MA Has $36.08 Million Stock Position in Schrödinger, Inc. (NASDAQ:SDGR)

Massachusetts Financial Services Co. MA boosted its position in Schrödinger, Inc. (NASDAQ:SDGR) by 58.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,945,182 shares of the company’s stock after acquiring an additional 717,059 shares during the period. Massachusetts Financial Services Co. MA owned 2.67% of Schrödinger worth $36,083,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Rubric Capital Management LP lifted its position in Schrödinger by 213.5% during the 2nd quarter. Rubric Capital Management LP now owns 3,130,000 shares of the company’s stock valued at $60,534,000 after purchasing an additional 2,131,724 shares during the period. Millennium Management LLC lifted its holdings in Schrödinger by 2,868.8% in the second quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock valued at $9,435,000 after buying an additional 471,399 shares during the period. Stephens Investment Management Group LLC boosted its stake in Schrödinger by 39.6% in 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 acquiring an additional 436,789 shares during the last quarter. Algert Global LLC grew its holdings in Schrödinger by 246.0% during the 2nd quarter. Algert Global LLC now owns 87,220 shares of the company’s stock worth $1,687,000 after acquiring an additional 62,010 shares during the period. Finally, Foundations Investment Advisors LLC bought a new stake in shares of Schrödinger during the 2nd quarter valued at $878,000. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

SDGR has been the topic of several recent research reports. Morgan Stanley reduced their price target on Schrödinger from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 21st. BMO Capital Markets boosted their target price on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.90.

Insider Buying and Selling at Schrödinger

In other news, insider Margaret Dugan sold 1,531 shares of Schrödinger stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total value of $27,221.18. Following the sale, the insider now directly owns 13,469 shares in the company, valued at $239,478.82. This trade represents a 10.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.60% of the company’s stock.

Schrödinger Stock Up 2.3 %

Schrödinger stock opened at $20.84 on Monday. Schrödinger, Inc. has a twelve month low of $16.67 and a twelve month high of $38.00. The company has a 50 day moving average of $18.63 and a 200-day moving average of $20.18. The stock has a market capitalization of $1.52 billion, a PE ratio of -8.91 and a beta of 1.50.

Schrödinger (NASDAQ:SDGR) last released its earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.12). The firm had revenue of $35.30 million for the quarter, compared to the consensus estimate of $41.25 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. Schrödinger’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.86) EPS. Equities analysts anticipate that Schrödinger, Inc. will post -2.29 EPS for the current fiscal 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.