First Light Asset Management LLC Purchases 663,906 Shares of Simulations Plus, Inc. $SLP

First Light Asset Management LLC raised its holdings in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 33.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,632,823 shares of the technology company’s stock after acquiring an additional 663,906 shares during the quarter. Simulations Plus makes up approximately 2.8% of First Light Asset Management LLC’s holdings, making the stock its 14th biggest position. First Light Asset Management LLC owned approximately 0.13% of Simulations Plus worth $31,120,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in Simulations Plus by 25.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 875,447 shares of the technology company’s stock valued at $15,277,000 after buying an additional 176,747 shares during the last quarter. Marshall Wace LLP lifted its position in Simulations Plus by 127.5% during the 4th quarter. Marshall Wace LLP now owns 569,783 shares of the technology company’s stock worth $10,387,000 after buying an additional 319,301 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Simulations Plus by 30.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 513,728 shares of the technology company’s stock worth $9,365,000 after buying an additional 120,888 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Simulations Plus by 1,898.1% during the 4th quarter. First Eagle Investment Management LLC now owns 457,155 shares of the technology company’s stock worth $8,334,000 after buying an additional 434,275 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Simulations Plus by 278.6% in the 4th 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 in the last quarter. Institutional investors own 78.08% of the company’s stock.

Insider Buying and Selling at Simulations Plus

In related news, Director Walter S. Woltosz sold 4,177 shares of Simulations Plus stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $18.44, for a total transaction of $77,023.88. Following the sale, the director directly owned 3,202,131 shares of the company’s stock, valued at approximately $59,047,295.64. The trade was a 0.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 19.10% of the company’s stock.

Simulations Plus Stock Performance

Shares of SLP opened at $18.34 on Monday. Simulations Plus, Inc. has a 12 month low of $11.09 and a 12 month high of $21.01. The firm’s 50 day moving average is $17.25 and its 200-day moving average is $15.44. The stock has a market capitalization of $371.02 million, a PE ratio of 45.85 and a beta of 1.30.

Simulations Plus (NASDAQ:SLP) last posted its quarterly earnings results on Thursday, July 9th. The technology company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The business had revenue of $21.89 million during the quarter, compared to the consensus estimate of $20.90 million. Simulations Plus had a return on equity of 13.50% and a net margin of 9.88%. Equities research analysts predict that Simulations Plus, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SLP. Weiss Ratings raised Simulations Plus from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Wall Street Zen downgraded Simulations Plus from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. TD Cowen decreased their target price on shares of Simulations Plus from $19.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, April 10th. Craig Hallum downgraded shares of Simulations Plus from a “buy” rating to a “hold” rating and set a $18.50 target price on the stock. in a report on Thursday, June 18th. Finally, William Blair lowered shares of Simulations Plus from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 17th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Simulations Plus presently has an average rating of “Reduce” and an average target price of $17.25.

Simulations Plus Company 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.