AEGON ASSET MANAGEMENT UK Plc Acquires 10,836 Shares of Veeva Systems Inc. (NYSE:VEEV)

AEGON ASSET MANAGEMENT UK Plc raised its holdings in Veeva Systems Inc. (NYSE:VEEV) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,757 shares of the technology company’s stock after acquiring an additional 10,836 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.07% of Veeva Systems worth $24,755,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. General American Investors Co. Inc. acquired a new position in Veeva Systems during the third quarter valued at approximately $5,133,000. Toronto Dominion Bank boosted its holdings in shares of Veeva Systems by 39.1% during the 3rd quarter. Toronto Dominion Bank now owns 20,180 shares of the technology company’s stock worth $4,235,000 after buying an additional 5,673 shares during the period. Procyon Advisors LLC bought a new position in Veeva Systems in the 3rd quarter worth $712,000. Principal Financial Group Inc. raised its holdings in Veeva Systems by 138.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,179,284 shares of the technology company’s stock worth $457,366,000 after acquiring an additional 1,267,061 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in Veeva Systems by 3.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 78,000 shares of the technology company’s stock worth $16,370,000 after acquiring an additional 2,733 shares during the last quarter. 88.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Veeva Systems

In other news, SVP Jonathan Faddis sold 1,694 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $230.30, for a total transaction of $390,128.20. Following the completion of the sale, the senior vice president now owns 8,061 shares in the company, valued at $1,856,448.30. The trade was a 17.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas D. Schwenger sold 1,126 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $240.01, for a total transaction of $270,251.26. Following the transaction, the insider now owns 27,013 shares in the company, valued at approximately $6,483,390.13. The trade was a 4.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their price objective on Veeva Systems from $183.00 to $195.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 17th. Mizuho initiated coverage on Veeva Systems in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $275.00 price target on the stock. Scotiabank increased their price objective on Veeva Systems from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Friday, December 6th. Citigroup boosted their target price on shares of Veeva Systems from $281.00 to $307.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Evercore ISI increased their price target on shares of Veeva Systems from $220.00 to $245.00 and gave the company an “in-line” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Veeva Systems presently has an average rating of “Moderate Buy” and an average price target of $253.96.

Veeva Systems Price Performance

Shares of VEEV opened at $223.37 on Friday. The company has a market capitalization of $36.26 billion, a P/E ratio of 55.15, a PEG ratio of 2.01 and a beta of 0.84. Veeva Systems Inc. has a one year low of $170.25 and a one year high of $258.93. The business’s 50 day simple moving average is $221.63 and its 200-day simple moving average is $210.89.

Veeva Systems Profile

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.