First Eagle Investment Management LLC lifted its position in shares of Simulations Plus, Inc. (NASDAQ:SLP – Free Report) by 1,898.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 457,155 shares of the technology company’s stock after buying an additional 434,275 shares during the period. First Eagle Investment Management LLC’s holdings in Simulations Plus were worth $8,334,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of Simulations Plus by 25.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 875,447 shares of the technology company’s stock worth $15,277,000 after buying an additional 176,747 shares during the last quarter. First Light Asset Management LLC increased its holdings in shares of Simulations Plus by 115.0% during the 3rd quarter. First Light Asset Management LLC now owns 767,760 shares of the technology company’s stock worth $11,570,000 after buying an additional 410,603 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Simulations Plus by 46.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 392,840 shares of the technology company’s stock worth $5,920,000 after buying an additional 124,264 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Simulations Plus by 76.7% during the 3rd quarter. Bank of America Corp DE now owns 369,585 shares of the technology company’s stock worth $5,570,000 after buying an additional 160,367 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Simulations Plus by 31.6% during the 3rd quarter. Royce & Associates LP now owns 348,758 shares of the technology company’s stock worth $5,256,000 after buying an additional 83,758 shares during the last quarter. 78.08% of the stock is currently owned by institutional investors and hedge funds.
Simulations Plus Trading Down 5.0%
Shares of Simulations Plus stock opened at $13.96 on Wednesday. The company has a fifty day moving average price of $13.16 and a 200 day moving average price of $15.84. Simulations Plus, Inc. has a twelve month low of $11.09 and a twelve month high of $34.01. The stock has a market cap of $281.99 million, a price-to-earnings ratio of -4.46 and a beta of 1.28.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on SLP shares. Wall Street Zen downgraded Simulations Plus from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Zacks Research downgraded Simulations Plus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, TD Cowen decreased their price target on shares of Simulations Plus from $19.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $24.40.
Read Our Latest Stock Report on Simulations Plus
Simulations Plus Profile
Simulations Plus, Inc (NASDAQ: SLP) specializes in advanced modeling and simulation software tailored to the pharmaceutical, biotechnology and chemical industries. The company’s flagship products include ADMET Predictor, a quantitative structure-activity relationship (QSAR) tool for predicting absorption, distribution, metabolism, excretion and toxicity properties, and GastroPlus, a physiologically based pharmacokinetic (PBPK) modeling platform for simulating drug absorption and pharmacokinetics.
See Also
- Five stocks we like better than Simulations Plus
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Want to see what other hedge funds are holding SLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simulations Plus, Inc. (NASDAQ:SLP – Free Report).
Receive News & Ratings for Simulations Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simulations Plus and related companies with MarketBeat.com's FREE daily email newsletter.
