Simulations Plus, Inc. (NASDAQ:SLP) Given Average Rating of “Buy” by Analysts

Simulations Plus, Inc. (NASDAQ:SLP) has received a consensus rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $49.40.

Several analysts recently weighed in on the company. William Blair restated an “outperform” rating on shares of Simulations Plus in a research report on Wednesday, January 8th. KeyCorp lifted their price target on shares of Simulations Plus from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, January 24th.

Insider Buying and Selling at Simulations Plus

In other news, Director Walter S. Woltosz sold 20,000 shares of Simulations Plus stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $33.91, for a total value of $678,200.00. Following the completion of the transaction, the director now directly owns 3,402,584 shares of the company’s stock, valued at approximately $115,381,623.44. This trade represents a 0.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in Simulations Plus by 58.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 41,692 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 15,399 shares in the last quarter. Millennium Management LLC grew its stake in shares of Simulations Plus by 200.7% in the 4th quarter. Millennium Management LLC now owns 44,841 shares of the technology company’s stock valued at $1,251,000 after buying an additional 29,929 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Simulations Plus by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,103 shares of the technology company’s stock valued at $254,000 after buying an additional 380 shares in the last quarter. Janus Henderson Group PLC raised its stake in Simulations Plus by 7,753.3% during the 4th quarter. Janus Henderson Group PLC now owns 542,899 shares of the technology company’s stock worth $15,141,000 after buying an additional 535,986 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Simulations Plus by 52.9% in the fourth quarter. Deutsche Bank AG now owns 14,916 shares of the technology company’s stock worth $416,000 after acquiring an additional 5,160 shares in the last quarter. Institutional investors and hedge funds own 78.08% of the company’s stock.

Simulations Plus Price Performance

Shares of SLP opened at $24.29 on Friday. The firm has a 50 day simple moving average of $30.80 and a two-hundred day simple moving average of $30.55. Simulations Plus has a one year low of $23.63 and a one year high of $51.22. The company has a market cap of $488.03 million, a P/E ratio of 60.73 and a beta of 0.89.

About Simulations Plus

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.