Veeva Systems Inc (NYSE:VEEV) Shares Bought by Axa

AXA boosted its position in shares of Veeva Systems Inc (NYSE:VEEV) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,521 shares of the technology company’s stock after acquiring an additional 8,142 shares during the period. AXA owned 0.07% of Veeva Systems worth $5,557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in Veeva Systems by 21.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,131 shares of the technology company’s stock valued at $315,000 after buying an additional 914 shares in the last quarter. Nationwide Fund Advisors grew its holdings in Veeva Systems by 19.3% during the 3rd quarter. Nationwide Fund Advisors now owns 294,547 shares of the technology company’s stock valued at $16,615,000 after buying an additional 47,670 shares in the last quarter. Swiss National Bank grew its holdings in Veeva Systems by 1.8% during the 3rd quarter. Swiss National Bank now owns 396,000 shares of the technology company’s stock valued at $22,338,000 after buying an additional 7,100 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Veeva Systems by 24.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,416 shares of the technology company’s stock valued at $644,000 after buying an additional 2,240 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Veeva Systems by 2.2% during the 3rd quarter. New York State Common Retirement Fund now owns 1,619,820 shares of the technology company’s stock valued at $91,374,000 after buying an additional 35,073 shares in the last quarter. Institutional investors own 73.09% of the company’s stock.

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A number of equities research analysts have issued reports on VEEV shares. Zacks Investment Research raised shares of Veeva Systems from a “hold” rating to a “strong-buy” rating and set a $89.00 price objective for the company in a report on Wednesday, March 7th. Vetr lowered shares of Veeva Systems from a “buy” rating to a “hold” rating and set a $61.05 price objective for the company. in a report on Thursday, February 15th. Morgan Stanley raised shares of Veeva Systems from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 30th. William Blair reaffirmed an “outperform” rating on shares of Veeva Systems in a report on Wednesday, February 21st. Finally, JPMorgan Chase lowered shares of Veeva Systems from an “overweight” rating to a “neutral” rating in a report on Friday, March 9th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Veeva Systems currently has a consensus rating of “Buy” and a consensus price target of $72.23.

In related news, EVP Alan Mateo sold 701 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $58.85, for a total value of $41,253.85. Following the completion of the sale, the executive vice president now directly owns 9,512 shares in the company, valued at $559,781.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul J. Sekhri sold 1,108 shares of the firm’s stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $75.46, for a total value of $83,609.68. Following the completion of the sale, the director now owns 13,046 shares of the company’s stock, valued at $984,451.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 208,831 shares of company stock valued at $14,833,602. 19.17% of the stock is owned by corporate insiders.

Shares of VEEV stock traded down $1.90 on Friday, reaching $70.92. The company’s stock had a trading volume of 602,469 shares, compared to its average volume of 1,130,004. Veeva Systems Inc has a 1 year low of $50.09 and a 1 year high of $78.28. The firm has a market cap of $10,292.60, a PE ratio of 77.09, a price-to-earnings-growth ratio of 4.38 and a beta of 1.39.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Tuesday, February 27th. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Veeva Systems had a net margin of 20.71% and a return on equity of 11.89%. The firm had revenue of $184.92 million during the quarter, compared to analyst estimates of $180.13 million. research analysts anticipate that Veeva Systems Inc will post 0.98 EPS for the current fiscal year.

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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.

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

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