Sumitomo Mitsui Trust Group Inc. Reduces Position in Schrodinger, Inc. $SDGR

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Schrodinger, Inc. (NASDAQ:SDGR) by 32.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,190,837 shares of the company’s stock after selling 1,523,930 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Schrodinger were worth $36,248,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Schrodinger by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 6,464,426 shares of the company’s stock valued at $115,584,000 after purchasing an additional 125,349 shares during the last quarter. Rubric Capital Management LP grew its holdings in Schrodinger by 5.4% in the third quarter. Rubric Capital Management LP now owns 5,268,817 shares of the company’s stock valued at $105,692,000 after purchasing an additional 268,817 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Schrodinger by 12.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,717,890 shares of the company’s stock worth $66,476,000 after acquiring an additional 414,231 shares in the last quarter. Amova Asset Management Americas Inc. increased its stake in shares of Schrodinger by 6.8% during the fourth quarter. Amova Asset Management Americas Inc. now owns 2,819,670 shares of the company’s stock worth $50,359,000 after purchasing an additional 180,735 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Schrodinger by 65.3% during the 3rd quarter. Lazard Asset Management LLC now owns 2,346,441 shares of the company’s stock worth $47,070,000 after buying an additional 927,234 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Schrodinger

In other Schrodinger news, CEO Ramy Farid sold 43,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $12.33, for a total transaction of $530,190.00. Following the transaction, the chief executive officer owned 330,824 shares of the company’s stock, valued at approximately $4,079,059.92. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.10% of the stock is owned by corporate insiders.

Schrodinger Trading Down 0.5%

Shares of SDGR stock opened at $16.41 on Tuesday. The firm has a fifty day moving average price of $14.66 and a 200 day moving average price of $14.03. The company has a market cap of $1.21 billion, a P/E ratio of -11.64 and a beta of 1.62. Schrodinger, Inc. has a 12 month low of $10.94 and a 12 month high of $23.75.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.25). The business had revenue of $58.59 million during the quarter, compared to analysts’ expectations of $47.57 million. Schrodinger had a negative net margin of 40.61% and a negative return on equity of 30.85%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.82) EPS. On average, equities analysts forecast that Schrodinger, Inc. will post -1.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SDGR. Morgan Stanley reduced their target price on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. KeyCorp reduced their target price on Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. UBS Group lowered their price objective on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Finally, Wall Street Zen cut Schrodinger from a “hold” rating to a “strong sell” rating in a report on Saturday, May 9th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.