1 week Ago By ABMN Staff
Larson Financial Group LLC boosted its stake in shares of Veeva Systems Inc. ( NYSE:VEEV – Free Report ) by 477.3% in the 2nd quarter, Holdings Channel.
com reports. The firm owned 941 shares of the technology company’s stock after buying an additional 778 shares during the quarter. Larson Financial Group LLC’s holdings in Veeva Systems were worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the stock. New York Life Investment Management LLC raised its position in shares of Veeva Systems by 5.6% during the fourth quarter.
New York Life Investment Management LLC now owns 2,485 shares of the technology company’s stock valued at $478,000 after buying an additional 131 shares during the last quarter. National Bank of Canada FI increased its stake in Veeva Systems by 8.2% during the fourth quarter.
National Bank of Canada FI now owns 13,318 shares of the technology company’s stock valued at $2,519,000 after acquiring an additional 1,005 shares during the period. Private Advisor Group LLC increased its stake in Veeva Systems by 9.5% during the fourth quarter.
Private Advisor Group LLC now owns 8,548 shares of the technology company’s stock valued at $1,646,000 after acquiring an additional 741 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Veeva Systems by 6.
4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 600,010 shares of the technology company’s stock valued at $115,514,000 after acquiring an additional 36,164 shares in the last quarter.
Finally, Principal Securities Inc. bought a new stake in shares of Veeva Systems in the 4th quarter worth approximately $1,919,000. 88.
20% of the stock is owned by institutional investors. Wall Street Analyst Weigh In A number of analysts have recently issued reports on VEEV shares. Robert W.
Baird boosted their price objective on Veeva Systems from $245.00 to $251.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th.
BTIG Research began coverage on shares of Veeva Systems in a research note on Tuesday, July 9th. They issued a “buy” rating and a $240.00 price objective for the company.
TD Cowen lifted their target price on shares of Veeva Systems from $180.00 to $192.00 and gave the company a “hold” rating in a research report on Thursday, August 29th.
Canaccord Genuity Group dropped their price target on shares of Veeva Systems from $220.00 to $210.00 and set a “hold” rating for the company in a research report on Friday, May 31st.
Finally, Bank of America lifted their price objective on Veeva Systems from $204.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, August 29th.
One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $230.
57. Insider Activity In related news, SVP Jonathan Faddis sold 2,353 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $200.
00, for a total value of $470,600.00. Following the completion of the transaction, the senior vice president now owns 9,035 shares in the company, valued at approximately $1,807,000.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . 10.50% of the stock is owned by insiders.
Veeva Systems Trading Up 0.3 % VEEV opened at $215.89 on Friday.
Veeva Systems Inc. has a 1-year low of $162.72 and a 1-year high of $236.
90. The stock has a market capitalization of $34.90 billion, a PE ratio of 63.
68, a PEG ratio of 2.12 and a beta of 0.81.
The firm has a 50-day moving average price of $192.22 and a two-hundred day moving average price of $201.89.
Veeva Systems Profile ( Free Report ) Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States. Featured Articles Want to see what other hedge funds are holding VEEV? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Veeva Systems Inc. ( NYSE:VEEV – Free Report ). Receive News & Ratings for Veeva Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems and related companies with MarketBeat.
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