Boomfish Wealth Group LLC Has $2.37 Million Stock Position in Veeva Systems Inc. (NYSE:VEEV)

Boomfish Wealth Group LLC lowered its position in shares of Veeva Systems Inc. (NYSE:VEEVFree Report) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,252 shares of the technology company’s stock after selling 189 shares during the quarter. Veeva Systems accounts for about 1.4% of Boomfish Wealth Group LLC’s investment portfolio, making the stock its 28th biggest holding. Boomfish Wealth Group LLC’s holdings in Veeva Systems were worth $2,366,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mackenzie Financial Corp raised its holdings in shares of Veeva Systems by 15.5% during the second quarter. Mackenzie Financial Corp now owns 9,970 shares of the technology company’s stock worth $1,825,000 after acquiring an additional 1,341 shares during the period. Creative Planning boosted its position in shares of Veeva Systems by 21.4% during the second quarter. Creative Planning now owns 37,579 shares of the technology company’s stock worth $6,877,000 after buying an additional 6,625 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Veeva Systems by 122.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,116 shares of the technology company’s stock valued at $2,034,000 after buying an additional 6,114 shares during the last quarter. Quarry LP lifted its stake in Veeva Systems by 39.4% in the 2nd quarter. Quarry LP now owns 421 shares of the technology company’s stock valued at $77,000 after acquiring an additional 119 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Veeva Systems by 0.4% during the 2nd quarter. Clearbridge Investments LLC now owns 11,682 shares of the technology company’s stock worth $2,138,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Price Performance

Shares of NYSE VEEV opened at $237.31 on Friday. The company has a 50-day moving average price of $222.75 and a 200-day moving average price of $212.03. The stock has a market capitalization of $38.53 billion, a P/E ratio of 58.60, a P/E/G ratio of 2.04 and a beta of 0.84. Veeva Systems Inc. has a 1 year low of $170.25 and a 1 year high of $258.93.

Insider Transactions at Veeva Systems

In other news, SVP Jonathan Faddis sold 1,694 shares of the firm’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 directly owns 8,061 shares of the company’s stock, valued at $1,856,448.30. This trade represents a 17.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas D. Schwenger sold 1,126 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $240.01, for a total transaction of $270,251.26. Following the completion of the transaction, the insider now directly owns 27,013 shares in the company, valued at $6,483,390.13. This trade represents a 4.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on VEEV shares. JPMorgan Chase & Co. lifted their target price on Veeva Systems from $208.00 to $218.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Barclays boosted their target price on shares of Veeva Systems from $260.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their target price on Veeva Systems from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. StockNews.com downgraded shares of Veeva Systems from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Scotiabank increased their price objective on Veeva Systems from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $253.96.

Get Our Latest Stock Analysis on VEEV

About Veeva Systems

(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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