Barclays PLC Grows Stock Holdings in Simulations Plus, Inc. (NASDAQ:SLP)

Barclays PLC grew its holdings in shares of Simulations Plus, Inc. (NASDAQ:SLP - Free Report) by 390.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,473 shares of the technology company's stock after buying an additional 22,669 shares during the quarter. Barclays PLC owned 0.14% of Simulations Plus worth $911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Tributary Capital Management LLC grew its stake in shares of Simulations Plus by 54.7% in the 3rd quarter. Tributary Capital Management LLC now owns 325,567 shares of the technology company's stock worth $10,425,000 after acquiring an additional 115,122 shares in the last quarter. Royce & Associates LP boosted its holdings in Simulations Plus by 28.8% during the third quarter. Royce & Associates LP now owns 237,416 shares of the technology company's stock worth $7,602,000 after purchasing an additional 53,092 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Simulations Plus by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 414,005 shares of the technology company's stock worth $20,128,000 after purchasing an additional 37,992 shares in the last quarter. Congress Asset Management Co. increased its stake in Simulations Plus by 22.5% in the 3rd quarter. Congress Asset Management Co. now owns 206,542 shares of the technology company's stock valued at $6,613,000 after buying an additional 37,914 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Simulations Plus by 402.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 39,944 shares of the technology company's stock worth $1,279,000 after buying an additional 32,002 shares in the last quarter. 78.08% of the stock is owned by institutional investors.

Insider Transactions at Simulations Plus

In related news, Director Walter S. Woltosz sold 20,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $31.76, for a total value of $635,200.00. Following the sale, the director now owns 3,442,584 shares in the company, valued at approximately $109,336,467.84. This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 19.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com downgraded Simulations Plus from a "hold" rating to a "sell" rating in a research note on Monday, November 4th. BTIG Research reduced their price target on shares of Simulations Plus from $60.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. William Blair reaffirmed an "outperform" rating on shares of Simulations Plus in a research report on Wednesday, January 8th. KeyCorp reduced their target price on shares of Simulations Plus from $40.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, Stephens started coverage on shares of Simulations Plus in a research note on Friday, November 15th. They set an "overweight" rating and a $39.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $49.00.

Simulations Plus Trading Up 3.7 %

Shares of SLP stock traded up $1.07 during trading on Wednesday, reaching $29.83. 171,063 shares of the company's stock traded hands, compared to its average volume of 463,236. The firm's 50-day moving average is $29.85 and its 200 day moving average is $33.35. The company has a market capitalization of $599.34 million, a P/E ratio of 60.88 and a beta of 0.80. Simulations Plus, Inc. has a 1 year low of $24.00 and a 1 year high of $51.22.

Simulations Plus (NASDAQ:SLP - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $18.70 million during the quarter, compared to analysts' expectations of $19.73 million. Simulations Plus had a return on equity of 6.16% and a net margin of 14.15%. The firm's quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. As a group, sell-side analysts predict that Simulations Plus, Inc. will post 1.1 earnings per share for the current fiscal 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.