10,337 Shares in Simulations Plus, Inc. (NASDAQ:SLP) Acquired by Natixis Advisors LLC

Natixis Advisors LLC purchased a new position in shares of Simulations Plus, Inc. (NASDAQ:SLP) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 10,337 shares of the technology company’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SLP. Jones Financial Companies Lllp raised its position in shares of Simulations Plus by 53.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,223 shares of the technology company’s stock worth $34,000 after purchasing an additional 427 shares during the period. Quantbot Technologies LP acquired a new stake in Simulations Plus in the 3rd quarter valued at about $59,000. AlphaQuest LLC increased its holdings in shares of Simulations Plus by 502.9% during the 4th quarter. AlphaQuest LLC now owns 2,689 shares of the technology company’s stock worth $75,000 after acquiring an additional 2,243 shares during the last quarter. US Bancorp DE lifted its stake in shares of Simulations Plus by 14.3% during the 4th quarter. US Bancorp DE now owns 5,687 shares of the technology company’s stock worth $159,000 after buying an additional 713 shares during the last quarter. Finally, Olympiad Research LP acquired a new position in shares of Simulations Plus in the fourth quarter valued at approximately $211,000. 78.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on SLP shares. KeyCorp lifted their price objective on shares of Simulations Plus from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. William Blair reaffirmed an “outperform” rating on shares of Simulations Plus in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.40.

Simulations Plus Stock Performance

Shares of NASDAQ SLP opened at $24.29 on Friday. The company’s 50 day moving average price is $30.80 and its 200-day moving average price is $30.57. Simulations Plus, Inc. has a 52-week low of $23.63 and a 52-week high of $51.22. The company has a market capitalization of $488.03 million, a P/E ratio of 60.73 and a beta of 0.89.

Insider Activity at Simulations Plus

In other Simulations Plus news, Director Walter S. Woltosz sold 20,000 shares of Simulations Plus stock in a transaction that occurred on 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 sale, the director now directly owns 3,402,584 shares in the company, valued at approximately $115,381,623.44. The trade was a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.40% of the stock is owned by company insiders.

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.