Andra AP fonden Has $4.46 Million Stake in Veeva Systems Inc (NYSE:VEEV)

Share on StockTwits

Andra AP fonden trimmed its position in shares of Veeva Systems Inc (NYSE:VEEV) by 21.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,200 shares of the technology company’s stock after selling 7,900 shares during the quarter. Andra AP fonden’s holdings in Veeva Systems were worth $4,459,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Veeva Systems by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 12,120,296 shares of the technology company’s stock valued at $1,964,821,000 after buying an additional 156,746 shares during the last quarter. BlackRock Inc. raised its position in Veeva Systems by 16.3% in the 2nd quarter. BlackRock Inc. now owns 8,770,784 shares of the technology company’s stock valued at $1,421,833,000 after buying an additional 1,231,904 shares during the last quarter. JPMorgan Chase & Co. raised its position in Veeva Systems by 15.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,704,172 shares of the technology company’s stock valued at $594,557,000 after buying an additional 488,681 shares during the last quarter. State Street Corp raised its position in Veeva Systems by 1.3% in the 3rd quarter. State Street Corp now owns 2,836,449 shares of the technology company’s stock valued at $433,097,000 after buying an additional 35,850 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Veeva Systems by 41.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,958,283 shares of the technology company’s stock valued at $311,054,000 after buying an additional 569,097 shares during the last quarter. 77.75% of the stock is currently owned by institutional investors.

In other Veeva Systems news, CMO Eleni Nitsa Zuppas sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $142.00, for a total value of $426,000.00. Following the completion of the transaction, the chief marketing officer now owns 13,821 shares in the company, valued at approximately $1,962,582. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alan Mateo sold 4,026 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $142.51, for a total value of $573,745.26. Following the completion of the transaction, the executive vice president now owns 21,685 shares of the company’s stock, valued at approximately $3,090,329.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,506 shares of company stock valued at $9,242,065. 14.38% of the stock is owned by corporate insiders.

VEEV stock opened at $149.18 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.23 and a current ratio of 4.23. The company has a market capitalization of $22.69 billion, a price-to-earnings ratio of 120.31, a PEG ratio of 4.96 and a beta of 1.26. Veeva Systems Inc has a fifty-two week low of $79.26 and a fifty-two week high of $176.90. The stock has a fifty day moving average of $148.42 and a 200-day moving average of $155.59.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.19. Veeva Systems had a return on equity of 18.28% and a net margin of 29.86%. The company had revenue of $280.90 million during the quarter, compared to the consensus estimate of $274.81 million. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. Equities analysts predict that Veeva Systems Inc will post 1.62 EPS for the current year.

Several brokerages have recently issued reports on VEEV. KeyCorp raised their target price on Veeva Systems from $172.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. JMP Securities raised their target price on Veeva Systems from $153.00 to $172.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 28th. Stifel Nicolaus raised their target price on Veeva Systems from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Canaccord Genuity raised their target price on Veeva Systems from $155.00 to $165.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. raised their target price on Veeva Systems from $150.00 to $183.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $169.84.

Veeva Systems Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.

See Also: What is the outlook for the FAANG stocks?

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).

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

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.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.