234,625 Shares in Schrodinger, Inc. $SDGR Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. acquired a new stake in Schrodinger, Inc. (NASDAQ:SDGR) during the 3rd quarter, HoldingsChannel reports. The firm acquired 234,625 shares of the company’s stock, valued at approximately $4,707,000.

Other large investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Schrodinger by 24.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,554,569 shares of the company’s stock valued at $91,365,000 after buying an additional 904,619 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Schrodinger by 38.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,072,433 shares of the company’s stock worth $41,573,000 after acquiring an additional 577,899 shares during the last quarter. Bank of America Corp DE raised its stake in Schrodinger by 428.3% in the 2nd quarter. Bank of America Corp DE now owns 606,916 shares of the company’s stock valued at $12,211,000 after acquiring an additional 492,032 shares during the period. Rubric Capital Management LP lifted its holdings in Schrodinger by 4.2% during the second quarter. Rubric Capital Management LP now owns 5,000,000 shares of the company’s stock valued at $100,600,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. lifted its holdings in Schrodinger by 7.2% during the second quarter. Nikko Asset Management Americas Inc. now owns 2,591,492 shares of the company’s stock valued at $52,089,000 after purchasing an additional 174,684 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Schrodinger Trading Down 3.0%

Schrodinger stock opened at $11.53 on Friday. Schrodinger, Inc. has a 1-year low of $11.15 and a 1-year high of $27.63. The firm has a market capitalization of $849.42 million, a PE ratio of -4.78 and a beta of 1.57. The firm’s 50 day simple moving average is $15.95 and its 200 day simple moving average is $18.08.

Analyst Upgrades and Downgrades

SDGR has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. KeyCorp cut their price objective on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Bank of America raised shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, December 15th. TD Cowen restated a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. Finally, Wall Street Zen raised Schrodinger from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.33.

Schrodinger 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.