Baillie Gifford & Co. Has $36.75 Million Stock Holdings in Schrödinger, Inc. (NASDAQ:SDGR)

Baillie Gifford & Co. reduced its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,980,992 shares of the company’s stock after selling 143,976 shares during the quarter. Baillie Gifford & Co. owned 2.72% of Schrödinger worth $36,747,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in Schrödinger by 22.7% in the 1st quarter. Russell Investments Group Ltd. now owns 218,564 shares of the company’s stock valued at $5,901,000 after buying an additional 40,434 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Schrödinger by 39.6% during the third quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock valued at $28,565,000 after purchasing an additional 436,789 shares in the last quarter. Millennium Management LLC boosted its holdings in Schrödinger by 2,868.8% during the second quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock worth $9,435,000 after purchasing an additional 471,399 shares during the last quarter. Bank of New York Mellon Corp grew its position in Schrödinger by 7.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 500,461 shares of the company’s stock worth $9,679,000 after purchasing an additional 35,036 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in Schrödinger by 29.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,062 shares of the company’s stock valued at $528,000 after buying an additional 4,510 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

Schrödinger Trading Up 13.9 %

SDGR opened at $22.25 on Wednesday. The firm has a 50-day moving average price of $18.73 and a 200-day moving average price of $20.41. Schrödinger, Inc. has a twelve month low of $16.67 and a twelve month high of $38.00.

Analyst Ratings Changes

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

Insider Buying and Selling at Schrödinger

In other news, insider Margaret Dugan sold 1,531 shares of Schrödinger stock in a transaction on 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 directly owns 13,469 shares in the company, valued at approximately $239,478.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.60% of the company’s stock.

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.