Stephens Investment Management Group LLC Raises Holdings in Schrodinger, Inc. (NASDAQ:SDGR)

Stephens Investment Management Group LLC raised its position in shares of Schrodinger, Inc. (NASDAQ:SDGR - Free Report) by 22.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,969,941 shares of the company's stock after buying an additional 362,285 shares during the quarter. Stephens Investment Management Group LLC owned about 2.70% of Schrodinger worth $38,887,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SDGR. Greenwood Capital Associates LLC boosted its holdings in shares of Schrodinger by 2.7% in the 1st quarter. Greenwood Capital Associates LLC now owns 23,139 shares of the company's stock worth $457,000 after purchasing an additional 612 shares during the period. United Advisor Group LLC boosted its holdings in shares of Schrodinger by 3.3% in the 4th quarter. United Advisor Group LLC now owns 19,769 shares of the company's stock worth $381,000 after purchasing an additional 634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Schrodinger by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,643 shares of the company's stock worth $610,000 after purchasing an additional 1,202 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Schrodinger in the 4th quarter worth approximately $27,000. Finally, Swiss National Bank boosted its holdings in shares of Schrodinger by 1.2% in the 4th quarter. Swiss National Bank now owns 125,100 shares of the company's stock worth $2,413,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 79.05% of the company's stock.

Schrodinger Stock Up 4.3%

SDGR traded up $0.88 during trading hours on Wednesday, reaching $21.25. 1,060,515 shares of the company's stock traded hands, compared to its average volume of 922,886. The firm has a 50-day moving average price of $22.03 and a 200 day moving average price of $22.38. Schrodinger, Inc. has a 52-week low of $16.60 and a 52-week high of $28.47. The firm has a market capitalization of $1.56 billion, a PE ratio of -8.08 and a beta of 1.58.

Schrodinger (NASDAQ:SDGR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.81) by ($0.01). Schrodinger had a negative net margin of 83.39% and a negative return on equity of 44.74%. The business had revenue of $59.55 million for the quarter, compared to analysts' expectations of $54.60 million. During the same quarter in the previous year, the firm earned ($0.86) EPS. Schrodinger's revenue was up 62.7% compared to the same quarter last year. Equities analysts predict that Schrodinger, Inc. will post -2.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on SDGR shares. KeyCorp dropped their target price on Schrodinger from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday. Morgan Stanley assumed coverage on Schrodinger in a report on Thursday, July 3rd. They issued an "equal weight" rating and a $28.00 target price for the company.

Schrodinger Company Profile

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.