Swiss National Bank boosted its holdings in Veeva Systems Inc (NYSE:VEEV) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 399,700 shares of the technology company’s stock after buying an additional 3,700 shares during the quarter. Swiss National Bank’s holdings in Veeva Systems were worth $22,095,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. IFP Advisors Inc grew its position in Veeva Systems by 605.4% in the third quarter. IFP Advisors Inc now owns 13,347 shares of the technology company’s stock worth $753,000 after buying an additional 11,455 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Veeva Systems by 255.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 156,579 shares of the technology company’s stock worth $8,833,000 after purchasing an additional 112,539 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in Veeva Systems by 133.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 31,420 shares of the technology company’s stock worth $1,772,000 after purchasing an additional 17,962 shares in the last quarter. APG Asset Management N.V. purchased a new position in Veeva Systems during the 3rd quarter worth approximately $931,000. Finally, Legal & General Group Plc grew its position in Veeva Systems by 17.8% during the 3rd quarter. Legal & General Group Plc now owns 136,049 shares of the technology company’s stock worth $7,674,000 after purchasing an additional 20,600 shares in the last quarter. Hedge funds and other institutional investors own 69.55% of the company’s stock.
Veeva Systems Inc (NYSE VEEV) opened at $59.76 on Monday. Veeva Systems Inc has a fifty-two week low of $41.30 and a fifty-two week high of $68.07. The company has a market cap of $8,446.66, a price-to-earnings ratio of 101.29, a PEG ratio of 6.17 and a beta of 1.66.
In other news, President Matthew J. Wallach sold 24,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $57.36, for a total transaction of $1,376,640.00. Following the transaction, the president now directly owns 24,000 shares in the company, valued at approximately $1,376,640. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Frederic Lequient sold 2,875 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $57.32, for a total transaction of $164,795.00. Following the transaction, the senior vice president now owns 3,399 shares in the company, valued at $194,830.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 166,417 shares of company stock worth $9,502,103. 17.50% of the stock is currently owned by corporate insiders.
VEEV has been the topic of several research analyst reports. Morgan Stanley upgraded shares of Veeva Systems from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 30th. Zacks Investment Research cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Vetr cut shares of Veeva Systems from a “buy” rating to a “hold” rating and set a $61.05 price objective on the stock. in a research report on Thursday. DA Davidson initiated coverage on shares of Veeva Systems in a research report on Friday, February 2nd. They set a “buy” rating and a $75.00 price objective on the stock. Finally, Canaccord Genuity reiterated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Veeva Systems has a consensus rating of “Buy” and an average price target of $67.54.
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Veeva Systems Company Profile
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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