First Trust Advisors LP Increases Holdings in Schrodinger, Inc. $SDGR

First Trust Advisors LP lifted its stake in shares of Schrodinger, Inc. (NASDAQ:SDGR) by 28.8% during the first quarter, HoldingsChannel.com reports. The firm owned 176,411 shares of the company’s stock after purchasing an additional 39,493 shares during the quarter. First Trust Advisors LP’s holdings in Schrodinger were worth $2,004,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Schrodinger by 722.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after purchasing an additional 1,207 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Schrodinger during the fourth quarter valued at about $26,000. Hantz Financial Services Inc. increased its position in shares of Schrodinger by 5,025.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock valued at $28,000 after buying an additional 1,558 shares during the period. State of Wyoming bought a new stake in shares of Schrodinger during the second quarter valued at about $39,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Schrodinger in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

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

Schrodinger Stock Performance

NASDAQ:SDGR opened at $18.16 on Friday. Schrodinger, Inc. has a 52-week low of $10.94 and a 52-week high of $23.02. The stock has a fifty day moving average of $15.69 and a 200 day moving average of $13.73. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -24.54 and a beta of 1.63.

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

Schrodinger Company Profile

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.