Louisiana State Employees Retirement System Takes $981,000 Position in Schrödinger, Inc. (NASDAQ:SDGR)

Louisiana State Employees Retirement System purchased a new stake in Schrödinger, Inc. (NASDAQ:SDGR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,400 shares of the company’s stock, valued at approximately $981,000.

A number of other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Schrödinger by 144.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 21,816 shares of the company’s stock valued at $781,000 after purchasing an additional 12,900 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Schrödinger by 5.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,519 shares of the company’s stock valued at $878,000 after purchasing an additional 1,278 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Schrödinger by 1,137.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 248,700 shares of the company’s stock valued at $9,159,000 after acquiring an additional 228,600 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Schrödinger by 3,480.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,790 shares of the company’s stock valued at $64,000 after acquiring an additional 1,740 shares during the last quarter. Finally, ARK Investment Management LLC increased its position in shares of Schrödinger by 7.7% in the fourth quarter. ARK Investment Management LLC now owns 3,053,521 shares of the company’s stock valued at $109,316,000 after acquiring an additional 217,618 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Schrödinger news, COO Kenneth Patrick Lorton sold 901 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $28.29, for a total transaction of $25,489.29. Following the completion of the sale, the chief operating officer now directly owns 36,487 shares in the company, valued at $1,032,217.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Kenneth Patrick Lorton sold 901 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $28.29, for a total value of $25,489.29. Following the completion of the transaction, the chief operating officer now directly owns 36,487 shares in the company, valued at approximately $1,032,217.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Lorne Abel sold 1,205 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $27.55, for a total value of $33,197.75. Following the completion of the transaction, the insider now owns 9,340 shares of the company’s stock, valued at $257,317. The disclosure for this sale can be found here. Insiders sold 3,651 shares of company stock worth $102,395 over the last three months. Insiders own 7.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SDGR shares. Citigroup lowered their target price on Schrödinger from $47.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Piper Sandler lowered their price target on Schrödinger from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. TD Cowen initiated coverage on Schrödinger in a research report on Friday, January 26th. They set an “outperform” rating and a $42.00 price target on the stock. The Goldman Sachs Group lowered their price target on Schrödinger from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 1st. Finally, Craig Hallum lowered their price target on Schrödinger from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, January 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.50.

Schrödinger Trading Down 3.1 %

Shares of SDGR stock opened at $24.04 on Thursday. The stock has a market cap of $1.74 billion, a P/E ratio of 38.16 and a beta of 1.57. The stock has a 50 day simple moving average of $27.07 and a 200 day simple moving average of $28.31. Schrödinger, Inc. has a 1 year low of $20.76 and a 1 year high of $59.24.

Schrödinger (NASDAQ:SDGR) last released its earnings results on Wednesday, February 28th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.12. Schrödinger had a negative return on equity of 23.58% and a net margin of 18.79%. The firm had revenue of $74.10 million during the quarter, compared to analysts’ expectations of $79.12 million. During the same period in the prior year, the company earned ($0.39) earnings per share. The company’s quarterly revenue was up 30.5% on a year-over-year basis. Analysts forecast that Schrödinger, Inc. will post -2.73 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.