State of Alaska Department of Revenue Has $586,000 Stake in Schrödinger, Inc. (NASDAQ:SDGR)

State of Alaska Department of Revenue trimmed its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,592 shares of the company’s stock after selling 851 shares during the period. State of Alaska Department of Revenue’s holdings in Schrödinger were worth $586,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in Schrödinger by 145.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 837 shares during the last quarter. GAMMA Investing LLC boosted its stake in Schrödinger by 49.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock worth $41,000 after acquiring an additional 703 shares during the last quarter. nVerses Capital LLC acquired a new position in Schrödinger during the second quarter valued at approximately $66,000. Quest Partners LLC increased its stake in Schrödinger by 1,005.6% in the second quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock valued at $88,000 after purchasing an additional 4,143 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Schrödinger by 20.5% in the third quarter. Private Advisor Group LLC now owns 12,150 shares of the company’s stock worth $225,000 after purchasing an additional 2,065 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Margaret Dugan sold 1,531 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $17.78, for a total value of $27,221.18. Following the completion of the transaction, the insider now owns 13,469 shares in the company, valued at $239,478.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.60% of the company’s stock.

Schrödinger Stock Down 1.0 %

Shares of SDGR stock opened at $18.78 on Friday. The firm has a market cap of $1.37 billion, a PE ratio of -7.01 and a beta of 1.50. Schrödinger, Inc. has a 12 month low of $16.67 and a 12 month high of $38.00. The company’s fifty day simple moving average is $18.77 and its 200-day simple moving average is $20.55.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. KeyCorp decreased their price target on shares of Schrödinger from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. BMO Capital Markets reduced their price target on shares of Schrödinger from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, Morgan Stanley dropped their price objective on shares of Schrödinger from $43.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Schrödinger presently has an average rating of “Moderate Buy” and a consensus price target of $32.60.

Schrödinger 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.