Schrödinger, Inc. (NASDAQ:SDGR) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC lessened its stake in Schrödinger, Inc. (NASDAQ:SDGR) by 5.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,208,758 shares of the company’s stock after selling 127,710 shares during the period. ARK Investment Management LLC’s holdings in Schrödinger were worth $42,607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Paradigm Asset Management Co. LLC acquired a new stake in shares of Schrödinger in the fourth quarter valued at approximately $50,000. Handelsbanken Fonder AB increased its stake in Schrödinger by 19.2% during the fourth quarter. Handelsbanken Fonder AB now owns 14,300 shares of the company’s stock worth $276,000 after acquiring an additional 2,300 shares during the last quarter. Principal Financial Group Inc. increased its stake in Schrödinger by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 270,449 shares of the company’s stock worth $5,217,000 after acquiring an additional 8,138 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in Schrödinger by 4.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,607,656 shares of the company’s stock worth $31,012,000 after acquiring an additional 67,786 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Schrödinger by 60.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company’s stock worth $67,718,000 after acquiring an additional 1,319,464 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. KeyCorp raised their target price on Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. BMO Capital Markets raised their target price on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.11.

Schrödinger Stock Down 3.0 %

SDGR opened at $21.05 on Wednesday. Schrödinger, Inc. has a 52 week low of $16.67 and a 52 week high of $33.63. The business has a fifty day simple moving average of $22.19 and a 200-day simple moving average of $20.55. The firm has a market cap of $1.53 billion, a P/E ratio of -9.00 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.