AEGON ASSET MANAGEMENT UK Plc Has $24.76 Million Stock Holdings in Veeva Systems Inc. (NYSE:VEEV)

AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 10.1% during the fourth quarter, HoldingsChannel reports. The firm owned 117,757 shares of the technology company’s stock after buying an additional 10,836 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Veeva Systems were worth $24,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. General American Investors Co. Inc. bought a new position in Veeva Systems during the third quarter worth about $5,133,000. Toronto Dominion Bank lifted 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 valued at $4,235,000 after purchasing an additional 5,673 shares in the last quarter. Procyon Advisors LLC acquired a new position in shares of Veeva Systems in the 3rd quarter valued at approximately $712,000. Principal Financial Group Inc. grew its position in shares of 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 valued at $457,366,000 after purchasing an additional 1,267,061 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake 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 purchasing an additional 2,733 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VEEV. StockNews.com lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Guggenheim boosted their price objective on shares of Veeva Systems from $233.00 to $249.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Mizuho began coverage on Veeva Systems in a report on Wednesday, December 4th. They set an “outperform” rating and a $275.00 target price for the company. BNP Paribas started coverage on Veeva Systems in a report on Tuesday, October 8th. They issued an “outperform” rating and a $286.00 price target on the stock. Finally, Stephens began coverage on Veeva Systems in a report on Friday, December 20th. They set an “overweight” rating and a $280.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $253.96.

Veeva Systems Stock Up 0.2 %

Shares of NYSE:VEEV opened at $223.37 on Friday. Veeva Systems Inc. has a 12-month low of $170.25 and a 12-month high of $258.93. The business has a 50 day moving average of $221.63 and a 200-day moving average of $210.89. The stock has a market cap of $36.26 billion, a PE ratio of 55.15, a P/E/G ratio of 2.01 and a beta of 0.84.

Insider Buying and Selling

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,126 shares of Veeva Systems stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $240.01, for a total value of $270,251.26. Following the completion of the sale, the insider now owns 27,013 shares in the company, valued at $6,483,390.13. The trade was a 4.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jonathan Faddis sold 1,694 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 8,061 shares in the company, valued at approximately $1,856,448.30. The trade was a 17.37 % decrease in their position. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by insiders.

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.