Bank of New York Mellon Corp bought a new stake in Simulations Plus, Inc. (NASDAQ:SLP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 31,251 shares of the technology company’s stock, valued at approximately $386,000. Bank of New York Mellon Corp owned about 0.18% of Simulations Plus as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently modified their holdings of SLP. Goldman Sachs Group Inc. acquired a new stake in Simulations Plus in the 1st quarter valued at about $600,000. Renaissance Technologies LLC lifted its stake in Simulations Plus by 7.0% in the 1st quarter. Renaissance Technologies LLC now owns 515,000 shares of the technology company’s stock valued at $6,051,000 after purchasing an additional 33,700 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in Simulations Plus in the 2nd quarter valued at about $241,000. Dimensional Fund Advisors LP lifted its stake in Simulations Plus by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 368,194 shares of the technology company’s stock valued at $4,326,000 after purchasing an additional 16,362 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new stake in Simulations Plus in the 1st quarter valued at about $152,000. Institutional investors and hedge funds own 32.13% of the company’s stock.
In other Simulations Plus news, insider Walter S. Woltosz sold 18,500 shares of the business’s stock in a transaction dated Saturday, October 28th. The shares were sold at an average price of $16.37, for a total value of $302,845.00. Following the transaction, the insider now directly owns 5,629,416 shares in the company, valued at $92,153,539.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 36.93% of the stock is owned by insiders.
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Several equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of Simulations Plus from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Simulations Plus from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th.
Simulations Plus Profile
Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.
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