Veeva Systems Inc. (NYSE:VEEV) Shares Purchased by Evergreen Capital Management LLC

Evergreen Capital Management LLC raised its position in Veeva Systems Inc. (NYSE:VEEV) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,563 shares of the technology company’s stock after acquiring an additional 579 shares during the quarter. Evergreen Capital Management LLC’s holdings in Veeva Systems were worth $4,954,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Veeva Systems by 72.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in Veeva Systems in the fourth quarter worth $25,000. Smithfield Trust Co lifted its holdings in Veeva Systems by 145.5% in the fourth quarter. Smithfield Trust Co now owns 135 shares of the technology company’s stock valued at $27,000 after acquiring an additional 80 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Veeva Systems during the 4th quarter worth $31,000. Finally, Avion Wealth grew its stake in shares of Veeva Systems by 635.0% during the 4th quarter. Avion Wealth now owns 147 shares of the technology company’s stock worth $30,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Veeva Systems Stock Down 0.8 %

VEEV stock opened at $221.01 on Thursday. The company has a market cap of $35.96 billion, a price-to-earnings ratio of 54.57, a PEG ratio of 1.89 and a beta of 1.05. The business has a fifty day simple moving average of $228.12 and a 200-day simple moving average of $223.25. Veeva Systems Inc. has a 52 week low of $170.25 and a 52 week high of $258.93.

Insider Buying and Selling at Veeva Systems

In other news, Director Timothy S. Cabral sold 3,882 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $216.83, for a total transaction of $841,734.06. Following the completion of the sale, the director now owns 5,500 shares in the company, valued at approximately $1,192,565. The trade was a 41.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas D. Schwenger sold 1,200 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $220.97, for a total transaction of $265,164.00. Following the sale, the insider now directly owns 25,889 shares of the company’s stock, valued at approximately $5,720,692.33. This trade represents a 4.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,869 shares of company stock valued at $1,284,917. Company insiders own 10.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on VEEV shares. JPMorgan Chase & Co. upped their target price on shares of Veeva Systems from $218.00 to $249.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Robert W. Baird boosted their target price on Veeva Systems from $283.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Truist Financial raised their price target on Veeva Systems from $210.00 to $217.00 and gave the company a “hold” rating in a research report on Thursday, March 6th. Stephens restated an “overweight” rating and set a $280.00 target price on shares of Veeva Systems in a report on Thursday, March 6th. Finally, StockNews.com upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Veeva Systems presently has an average rating of “Moderate Buy” and a consensus target price of $256.32.

Veeva Systems Company 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.