Simulations Plus, Inc. $SLP Shares Sold by Kopion Asset Management LLC

Kopion Asset Management LLC lessened its stake in Simulations Plus, Inc. (NASDAQ:SLPFree Report) by 17.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 184,614 shares of the technology company’s stock after selling 37,829 shares during the quarter. Simulations Plus comprises 2.1% of Kopion Asset Management LLC’s holdings, making the stock its 17th biggest position. Kopion Asset Management LLC’s holdings in Simulations Plus were worth $3,380,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First Light Asset Management LLC raised its position in shares of Simulations Plus by 156.4% during the 4th quarter. First Light Asset Management LLC now owns 1,968,917 shares of the technology company’s stock worth $35,893,000 after buying an additional 1,201,157 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Simulations Plus by 1,898.1% in the fourth quarter. First Eagle Investment Management LLC now owns 457,155 shares of the technology company’s stock valued at $8,334,000 after acquiring an additional 434,275 shares in the last quarter. Meros Investment Management LP bought a new position in shares of Simulations Plus in the fourth quarter valued at approximately $6,184,000. Marshall Wace LLP increased its stake in shares of Simulations Plus by 127.5% during the fourth quarter. Marshall Wace LLP now owns 569,783 shares of the technology company’s stock valued at $10,387,000 after acquiring an additional 319,301 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Simulations Plus by 278.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 427,865 shares of the technology company’s stock valued at $7,800,000 after acquiring an additional 314,844 shares during the period. Institutional investors and hedge funds own 78.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded Simulations Plus from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. William Blair cut Simulations Plus from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 17th. Craig Hallum downgraded Simulations Plus from a “buy” rating to a “hold” rating and set a $18.50 price objective on the stock. in a research note on Thursday, June 18th. TD Cowen cut their price objective on Simulations Plus from $19.00 to $16.00 and set a “hold” rating for the company in a report on Friday, April 10th. Finally, Wall Street Zen cut Simulations Plus from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Simulations Plus currently has an average rating of “Reduce” and a consensus target price of $17.25.

Read Our Latest Research Report on SLP

Simulations Plus Price Performance

NASDAQ SLP opened at $18.35 on Wednesday. The company’s 50 day simple moving average is $17.75 and its 200 day simple moving average is $15.39. Simulations Plus, Inc. has a 12 month low of $11.09 and a 12 month high of $21.01. The company has a market capitalization of $371.22 million, a P/E ratio of 45.88 and a beta of 1.32.

Simulations Plus (NASDAQ:SLPGet Free Report) last released its earnings results on Thursday, July 9th. The technology company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. The business had revenue of $21.89 million during the quarter, compared to analyst estimates of $20.90 million. Simulations Plus had a net margin of 9.88% and a return on equity of 13.50%. On average, analysts anticipate that Simulations Plus, Inc. will post 0.8 earnings per share for the current year.

Insider Activity

In other news, Director Walter S. Woltosz sold 4,177 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $18.44, for a total transaction of $77,023.88. Following the completion of the sale, the director owned 3,202,131 shares in the company, valued at approximately $59,047,295.64. This represents a 0.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 19.10% of the company’s stock.

Simulations Plus Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Simulations Plus (NASDAQ:SLP)

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