Veeva Systems Inc. (NYSE:VEEV) Holdings Trimmed by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC decreased its holdings in shares of Veeva Systems Inc. (NYSE:VEEVFree Report) by 52.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 567 shares of the technology company’s stock after selling 632 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in Veeva Systems were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Avanza Fonder AB acquired a new position in shares of Veeva Systems in the fourth quarter worth $2,299,000. Procyon Advisors LLC increased its position in Veeva Systems by 11.9% in the 4th quarter. Procyon Advisors LLC now owns 3,796 shares of the technology company’s stock worth $798,000 after purchasing an additional 405 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Veeva Systems by 71.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 2,507 shares of the technology company’s stock worth $527,000 after purchasing an additional 1,045 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Veeva Systems by 1.9% during the 4th quarter. Park Avenue Securities LLC now owns 12,228 shares of the technology company’s stock valued at $2,571,000 after buying an additional 233 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Veeva Systems by 182.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 60,072 shares of the technology company’s stock valued at $12,630,000 after buying an additional 38,793 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VEEV shares. Needham & Company LLC reiterated a “buy” rating and issued a $270.00 target price on shares of Veeva Systems in a research note on Friday. StockNews.com upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. KeyCorp cut their target price on Veeva Systems from $285.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Mizuho started coverage on Veeva Systems in a research note on Wednesday, December 4th. They set an “outperform” rating and a $275.00 price target for the company. Finally, Bank of America boosted their target price on Veeva Systems from $280.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Veeva Systems has an average rating of “Moderate Buy” and a consensus target price of $255.74.

Get Our Latest Stock Analysis on Veeva Systems

Insider Activity at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,126 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $240.01, for a total transaction of $270,251.26. Following the sale, the insider now owns 27,013 shares in the company, valued at approximately $6,483,390.13. This represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan Faddis sold 1,694 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $230.30, for a total transaction of $390,128.20. Following the sale, the senior vice president now directly owns 8,061 shares in the company, valued at approximately $1,856,448.30. This represents a 17.37 % decrease in their position. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by insiders.

Veeva Systems Price Performance

Veeva Systems stock opened at $216.67 on Friday. Veeva Systems Inc. has a 52-week low of $170.25 and a 52-week high of $258.93. The stock has a fifty day moving average price of $222.68 and a two-hundred day moving average price of $209.23. The firm has a market capitalization of $35.18 billion, a P/E ratio of 53.50, a P/E/G ratio of 1.91 and a beta of 0.84.

Veeva Systems Company 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.

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Institutional Ownership by Quarter for Veeva Systems (NYSE:VEEV)

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