Louisiana State Employees Retirement System Sells 1,000 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Louisiana State Employees Retirement System reduced its stake in Schrödinger, Inc. (NASDAQ:SDGR) by 3.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 26,800 shares of the company’s stock after selling 1,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Schrödinger were worth $497,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Schrödinger by 145.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 837 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Schrödinger by 49.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock valued at $41,000 after purchasing an additional 703 shares during the period. nVerses Capital LLC bought a new stake in shares of Schrödinger in the 2nd quarter valued at about $66,000. Quest Partners LLC grew its stake in Schrödinger by 1,005.6% in the 2nd quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock valued at $88,000 after buying an additional 4,143 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Schrödinger by 20.5% in the 3rd quarter. Private Advisor Group LLC now owns 12,150 shares of the company’s stock valued at $225,000 after buying an additional 2,065 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SDGR has been the topic of a number of research reports. BMO Capital Markets decreased their price target on shares of Schrödinger from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Morgan Stanley decreased their price target on shares of Schrödinger from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 21st. Finally, KeyCorp decreased their target price on shares of Schrödinger from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.60.

Schrödinger Trading Down 1.9 %

NASDAQ SDGR opened at $17.89 on Wednesday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -6.68 and a beta of 1.50. The firm’s 50 day simple moving average is $18.91 and its 200 day simple moving average is $20.61. Schrödinger, Inc. has a 1 year low of $16.67 and a 1 year high of $38.00.

Insider Buying and Selling

In related news, insider Margaret Dugan sold 1,531 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total transaction of $27,221.18. Following the sale, the insider now owns 13,469 shares in the company, valued at approximately $239,478.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.60% of the stock is currently owned by company insiders.

Schrödinger 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.