Simulations Plus, Inc. $SLP Position Lowered by Kopion Asset Management LLC

Kopion Asset Management LLC trimmed its position in Simulations Plus, Inc. (NASDAQ:SLP) by 17.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 184,614 shares of the technology company’s stock after selling 37,829 shares during the period. Simulations Plus accounts for about 2.1% of Kopion Asset Management LLC’s investment portfolio, making the stock its 17th biggest holding. Kopion Asset Management LLC owned about 0.91% of Simulations Plus worth $3,380,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Simulations Plus by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,493 shares of the technology company’s stock worth $233,000 after buying an additional 390 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Simulations Plus by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 63,592 shares of the technology company’s stock worth $752,000 after acquiring an additional 844 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Simulations Plus by 5.9% in the 4th quarter. Deutsche Bank AG now owns 15,825 shares of the technology company’s stock valued at $288,000 after acquiring an additional 875 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Simulations Plus by 5.7% in the 2nd quarter. Prudential Financial Inc. now owns 17,213 shares of the technology company’s stock valued at $300,000 after acquiring an additional 930 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Simulations Plus by 3.8% during the 2nd quarter. Invesco Ltd. now owns 36,452 shares of the technology company’s stock valued at $636,000 after acquiring an additional 1,323 shares in the last quarter. 78.08% of the stock is owned by institutional investors.

Simulations Plus Stock Up 0.2%

SLP stock opened at $18.35 on Wednesday. The stock has a market cap of $371.22 million, a PE ratio of 45.88 and a beta of 1.32. The firm’s 50-day simple moving average is $17.75 and its 200 day simple moving average is $15.39. Simulations Plus, Inc. has a fifty-two week low of $11.09 and a fifty-two week high of $21.01.

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

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SLP shares. Wall Street Zen cut Simulations Plus from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. TD Cowen lowered 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. William Blair cut shares of Simulations Plus from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 17th. Craig Hallum cut 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, Weiss Ratings upgraded shares of Simulations Plus from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Simulations Plus presently has a consensus rating of “Reduce” and a consensus target price of $17.25.

About Simulations Plus

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.