Wasatch Advisors LP Grows Position in Simulations Plus, Inc. (NASDAQ:SLP)

Wasatch Advisors LP raised its position in shares of Simulations Plus, Inc. (NASDAQ:SLP) by 36.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 381,693 shares of the technology company’s stock after acquiring an additional 102,135 shares during the period. Wasatch Advisors LP’s holdings in Simulations Plus were worth $15,707,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Illinois Municipal Retirement Fund raised its stake in Simulations Plus by 2.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 9,647 shares of the technology company’s stock worth $432,000 after buying an additional 263 shares in the last quarter. Canton Hathaway LLC raised its stake in shares of Simulations Plus by 25.0% during the 4th quarter. Canton Hathaway LLC now owns 5,000 shares of the technology company’s stock valued at $224,000 after buying an additional 1,000 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Simulations Plus during the 1st quarter worth about $70,000. Cook Wealth Management Group LLC grew its holdings in Simulations Plus by 12.2% in the fourth quarter. Cook Wealth Management Group LLC now owns 15,624 shares of the technology company’s stock valued at $699,000 after purchasing an additional 1,702 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Simulations Plus by 36.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,426 shares of the technology company’s stock worth $511,000 after acquiring an additional 3,072 shares during the last quarter. Hedge funds and other institutional investors own 78.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SLP shares. William Blair started coverage on shares of Simulations Plus in a research note on Friday, June 28th. They issued an “outperform” rating on the stock. Oppenheimer lifted their price target on shares of Simulations Plus from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Finally, Craig Hallum raised their price objective on Simulations Plus from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, June 13th.

Insider Buying and Selling

In related news, Director Walter S. Woltosz sold 20,000 shares of Simulations Plus stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $45.95, for a total value of $919,000.00. Following the sale, the director now directly owns 3,580,857 shares in the company, valued at approximately $164,540,379.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Daniel L. Weiner sold 750 shares of Simulations Plus stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $49.32, for a total value of $36,990.00. Following the transaction, the director now owns 7,009 shares of the company’s stock, valued at approximately $345,683.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter S. Woltosz sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $45.95, for a total transaction of $919,000.00. Following the sale, the director now owns 3,580,857 shares of the company’s stock, valued at $164,540,379.15. The disclosure for this sale can be found here. Insiders have sold a total of 44,500 shares of company stock worth $2,072,198 over the last quarter. 20.90% of the stock is owned by company insiders.

Simulations Plus Price Performance

Shares of NASDAQ:SLP opened at $46.86 on Wednesday. The firm has a market capitalization of $936.73 million, a PE ratio of 88.42 and a beta of 0.72. Simulations Plus, Inc. has a 12 month low of $32.69 and a 12 month high of $52.69. The business has a 50-day moving average of $47.81 and a two-hundred day moving average of $44.18.

Simulations Plus (NASDAQ:SLP) last posted its quarterly earnings data on Wednesday, April 3rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Simulations Plus had a net margin of 16.22% and a return on equity of 7.95%. The company had revenue of $18.31 million for the quarter, compared to analyst estimates of $17.31 million. During the same quarter last year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, research analysts anticipate that Simulations Plus, Inc. will post 0.55 earnings per share for the current year.

Simulations Plus Company Profile

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. The company operates through two segments, Software and Services. It offers GastroPlus, which simulates the absorption and drug interaction of compounds administered to humans and animals; and DDDPlus and MembranePlus simulation products.