Los Angeles Capital Management LLC Makes New Investment in Schrödinger, Inc. (NASDAQ:SDGR)

Los Angeles Capital Management LLC bought a new position in Schrödinger, Inc. (NASDAQ:SDGRGet Rating) during the second quarter, HoldingsChannel.com reports. The fund bought 9,533 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SDGR. GSA Capital Partners LLP increased its stake in shares of Schrödinger by 48.2% during the first quarter. GSA Capital Partners LLP now owns 16,165 shares of the company’s stock valued at $552,000 after buying an additional 5,259 shares during the period. Stephens Investment Management Group LLC increased its stake in shares of Schrödinger by 0.7% during the second quarter. Stephens Investment Management Group LLC now owns 721,849 shares of the company’s stock valued at $19,064,000 after buying an additional 5,220 shares during the period. Wellington Shields Capital Management LLC purchased a new position in shares of Schrödinger during the first quarter valued at $44,000. Valiant Capital Management L.P. increased its stake in shares of Schrödinger by 21.4% during the first quarter. Valiant Capital Management L.P. now owns 667,857 shares of the company’s stock valued at $22,787,000 after buying an additional 117,900 shares during the period. Finally, ARK Investment Management LLC boosted its position in Schrödinger by 4.3% during the second quarter. ARK Investment Management LLC now owns 2,953,172 shares of the company’s stock valued at $76,310,000 after purchasing an additional 120,458 shares in the last quarter. Hedge funds and other institutional investors own 65.45% of the company’s stock.

Schrödinger Stock Performance

Shares of NASDAQ SDGR opened at $21.97 on Monday. The company has a market cap of $1.56 billion, a PE ratio of -10.27 and a beta of 1.07. The business has a 50-day simple moving average of $24.49 and a two-hundred day simple moving average of $26.74. Schrödinger, Inc. has a fifty-two week low of $19.90 and a fifty-two week high of $48.57.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SDGR shares. BMO Capital Markets dropped their price objective on Schrödinger from $88.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. Citigroup dropped their price objective on Schrödinger from $55.00 to $48.00 in a research report on Friday, November 4th. Piper Sandler raised their price objective on Schrödinger from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, July 26th. Finally, Morgan Stanley dropped their price objective on Schrödinger from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, November 4th.

About Schrödinger

(Get Rating)

Schrödinger, Inc, together with its subsidiaries, provides physics-based software 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 selling its software for drug discovery in the life sciences industry, as well as to customers in materials science industries.

Further Reading

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Institutional Ownership by Quarter for Schrödinger (NASDAQ:SDGR)

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