Connors Investor Services Inc. Has $236,000 Stock Position in Simulations Plus, Inc. $SLP

Connors Investor Services Inc. grew its position in Simulations Plus, Inc. (NASDAQ:SLP) by 37.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,500 shares of the technology company’s stock after acquiring an additional 3,671 shares during the period. Connors Investor Services Inc.’s holdings in Simulations Plus were worth $236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Investment Management Group LLC acquired a new position in shares of Simulations Plus in the 2nd quarter valued at $4,687,000. Russell Investments Group Ltd. grew its holdings in shares of Simulations Plus by 24.9% in the 1st quarter. Russell Investments Group Ltd. now owns 223,832 shares of the technology company’s stock valued at $5,488,000 after buying an additional 44,601 shares during the period. Comerica Bank grew its holdings in shares of Simulations Plus by 16.6% in the 1st quarter. Comerica Bank now owns 193,990 shares of the technology company’s stock valued at $4,757,000 after buying an additional 27,579 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Simulations Plus by 16.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 166,392 shares of the technology company’s stock valued at $4,080,000 after buying an additional 23,139 shares during the period. Finally, Kopion Asset Management LLC grew its holdings in shares of Simulations Plus by 22.7% in the 2nd quarter. Kopion Asset Management LLC now owns 156,401 shares of the technology company’s stock valued at $2,729,000 after buying an additional 28,980 shares during the period. Institutional investors and hedge funds own 78.08% of the company’s stock.

Wall Street Analysts Forecast Growth

SLP has been the subject of several research analyst reports. KeyCorp lowered shares of Simulations Plus from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 15th. Stephens cut their price target on shares of Simulations Plus from $28.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 15th. Cowen initiated coverage on shares of Simulations Plus in a research note on Tuesday, September 30th. They set a “hold” rating on the stock. William Blair restated an “outperform” rating on shares of Simulations Plus in a research note on Tuesday, July 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Simulations Plus in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $24.40.

Simulations Plus Stock Up 13.2%

Shares of NASDAQ:SLP opened at $17.62 on Thursday. The company’s 50 day moving average price is $14.96 and its two-hundred day moving average price is $20.63. Simulations Plus, Inc. has a 12-month low of $12.39 and a 12-month high of $37.67. The firm has a market cap of $354.69 million, a PE ratio of -5.59 and a beta of 0.99.

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.