Baillie Gifford & Co. Has $20.34 Million Position in Schrödinger, Inc. (NASDAQ:SDGR)

Baillie Gifford & Co. cut its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 46.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,054,403 shares of the company’s stock after selling 926,589 shares during the quarter. Baillie Gifford & Co. owned about 1.45% of Schrödinger worth $20,339,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SDGR. Stephens Investment Management Group LLC grew its holdings in Schrödinger by 4.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,607,656 shares of the company’s stock valued at $31,012,000 after buying an additional 67,786 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Schrödinger by 60.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company’s stock valued at $67,718,000 after buying an additional 1,319,464 shares in the last quarter. Redwood Wealth Management Group LLC grew its holdings in Schrödinger by 8.4% in the 4th quarter. Redwood Wealth Management Group LLC now owns 14,620 shares of the company’s stock valued at $283,000 after buying an additional 1,132 shares in the last quarter. KBC Group NV grew its holdings in Schrödinger by 73.9% in the 4th quarter. KBC Group NV now owns 4,361 shares of the company’s stock valued at $84,000 after buying an additional 1,853 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Schrödinger by 15.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 59,996 shares of the company’s stock valued at $1,157,000 after purchasing an additional 8,021 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SDGR. BMO Capital Markets raised their target price on shares of Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. KeyCorp lifted their price objective on Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating, six have issued 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 an average price target of $32.11.

Schrödinger Trading Up 1.7 %

SDGR stock opened at $24.85 on Tuesday. The firm has a 50-day moving average price of $21.94 and a 200-day moving average price of $20.36. Schrödinger, Inc. has a 12 month low of $16.67 and a 12 month high of $33.63. The stock has a market capitalization of $1.81 billion, a P/E ratio of -10.62 and a beta of 1.61.

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.