Paradigm Asset Management Co. LLC Makes New Investment in Schrödinger, Inc. (NASDAQ:SDGR)

Paradigm Asset Management Co. LLC acquired a new position in Schrödinger, Inc. (NASDAQ:SDGR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,600 shares of the company’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Private Advisor Group LLC lifted its holdings in shares of Schrödinger by 20.5% in the 3rd quarter. Private Advisor Group LLC now owns 12,150 shares of the company’s stock worth $225,000 after acquiring an additional 2,065 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of Schrödinger by 39.6% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock worth $28,565,000 after acquiring an additional 436,789 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Schrödinger by 5.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,059 shares of the company’s stock worth $242,000 after acquiring an additional 622 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Schrödinger by 1.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,191,054 shares of the company’s stock worth $40,644,000 after acquiring an additional 29,920 shares during the last quarter. Finally, Pier 88 Investment Partners LLC lifted its holdings in shares of Schrödinger by 83.6% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 77,130 shares of the company’s stock worth $1,431,000 after acquiring an additional 35,120 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Schrödinger Stock Performance

NASDAQ:SDGR opened at $22.64 on Friday. Schrödinger, Inc. has a one year low of $16.67 and a one year high of $33.63. The firm has a market cap of $1.65 billion, a P/E ratio of -9.68 and a beta of 1.61. The firm has a 50-day simple moving average of $22.19 and a 200-day simple moving average of $20.50.

Wall Street Analysts Forecast Growth

SDGR has been the subject of several analyst reports. KeyCorp raised their target price on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. BMO Capital Markets lifted their price objective on shares of Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.11.

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.