Simulations Plus, Inc. (NASDAQ:SLP) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Simulations Plus, Inc. (NASDAQ:SLP - Free Report) by 20,727.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,703 shares of the technology company's stock after purchasing an additional 17,618 shares during the quarter. GAMMA Investing LLC owned approximately 0.09% of Simulations Plus worth $434,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its position in shares of Simulations Plus by 53.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,223 shares of the technology company's stock valued at $34,000 after purchasing an additional 427 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Simulations Plus during the fourth quarter worth approximately $39,000. Tower Research Capital LLC TRC boosted its position in Simulations Plus by 42.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,575 shares of the technology company's stock worth $72,000 after acquiring an additional 764 shares during the last quarter. AlphaQuest LLC raised its stake in Simulations Plus by 502.9% during the fourth quarter. AlphaQuest LLC now owns 2,689 shares of the technology company's stock worth $75,000 after purchasing an additional 2,243 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Simulations Plus in the 4th quarter valued at $86,000. 78.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Simulations Plus

In other Simulations Plus news, Director Walter S. Woltosz sold 20,000 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $33.51, for a total transaction of $670,200.00. Following the sale, the director now directly owns 3,344,157 shares in the company, valued at approximately $112,062,701.07. The trade was a 0.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 19.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SLP. Wall Street Zen upgraded shares of Simulations Plus from a "sell" rating to a "hold" rating in a report on Monday, April 28th. JMP Securities reissued a "market perform" rating on shares of Simulations Plus in a report on Wednesday. KeyCorp lifted their price target on shares of Simulations Plus from $32.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Craig Hallum decreased their price target on shares of Simulations Plus from $45.00 to $36.00 and set a "buy" rating for the company in a report on Friday, June 13th. Finally, William Blair reaffirmed an "outperform" rating on shares of Simulations Plus in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Simulations Plus presently has a consensus rating of "Moderate Buy" and an average price target of $41.25.

Simulations Plus Stock Down 1.3%

Shares of NASDAQ:SLP opened at $18.08 on Friday. The company has a market cap of $363.59 million, a PE ratio of 51.66 and a beta of 0.97. The company's 50-day moving average price is $30.24 and its 200 day moving average price is $29.86. Simulations Plus, Inc. has a fifty-two week low of $17.97 and a fifty-two week high of $49.71.

Simulations Plus (NASDAQ:SLP - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. The firm had revenue of $22.43 million for the quarter, compared to the consensus estimate of $21.93 million. Simulations Plus had a net margin of 9.18% and a return on equity of 7.86%. Simulations Plus's quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. As a group, equities analysts anticipate that Simulations Plus, Inc. will post 1.09 EPS for the current year.

Simulations Plus 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.

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