Schrödinger, Inc. (NASDAQ:SDGR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in Schrödinger, Inc. (NASDAQ:SDGR) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,335 shares of the company’s stock after selling 532 shares during the quarter. Yousif Capital Management LLC’s holdings in Schrödinger were worth $412,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Avanza Fonder AB purchased a new position in Schrödinger in the 4th quarter worth approximately $577,000. Stephens Investment Management Group LLC boosted its position in shares of Schrödinger by 39.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock valued at $28,565,000 after acquiring an additional 436,789 shares during the last quarter. Barclays PLC grew its holdings in shares of Schrödinger by 421.6% in the third quarter. Barclays PLC now owns 107,554 shares of the company’s stock valued at $1,995,000 after purchasing an additional 86,933 shares during the period. State Street Corp increased its position in Schrödinger by 1.8% during the third quarter. State Street Corp now owns 2,155,620 shares of the company’s stock worth $39,987,000 after purchasing an additional 38,972 shares during the last quarter. Finally, Quest Partners LLC raised its stake in Schrödinger by 861.0% during the third quarter. Quest Partners LLC now owns 43,773 shares of the company’s stock worth $812,000 after purchasing an additional 39,218 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Schrödinger Stock Performance

Schrödinger stock opened at $24.85 on Tuesday. The company has a market capitalization of $1.81 billion, a PE ratio of -10.62 and a beta of 1.61. Schrödinger, Inc. has a fifty-two week low of $16.67 and a fifty-two week high of $33.63. The firm has a 50 day moving average price of $21.94 and a 200 day moving average price of $20.36.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SDGR shares. KeyCorp raised their price target on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. BMO Capital Markets increased their price objective on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Three 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.11.

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.