Veeva Systems Inc. (NYSE:VEEV) Stock Holdings Increased by Bath Savings Trust Co

Bath Savings Trust Co boosted its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 392.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,903 shares of the technology company’s stock after purchasing an additional 14,269 shares during the period. Bath Savings Trust Co’s holdings in Veeva Systems were worth $3,764,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Veeva Systems in the 3rd quarter worth about $26,000. True Wealth Design LLC increased its holdings in Veeva Systems by 3,375.0% in the third quarter. True Wealth Design LLC now owns 139 shares of the technology company’s stock worth $29,000 after buying an additional 135 shares during the last quarter. Fairscale Capital LLC bought a new position in Veeva Systems during the second quarter valued at approximately $46,000. Harvest Fund Management Co. Ltd acquired a new stake in Veeva Systems in the third quarter valued at approximately $49,000. Finally, Quent Capital LLC grew its position in Veeva Systems by 794.1% in the third quarter. Quent Capital LLC now owns 304 shares of the technology company’s stock worth $64,000 after acquiring an additional 270 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Wall Street Analyst Weigh In

VEEV has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of Veeva Systems from $208.00 to $218.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Bank of America raised their target price on Veeva Systems from $280.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Evercore ISI upped their price target on Veeva Systems from $220.00 to $245.00 and gave the stock an “in-line” rating in a research note on Friday, December 6th. Wells Fargo & Company raised their price objective on Veeva Systems from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Robert W. Baird boosted their target price on Veeva Systems from $275.00 to $283.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.44.

Insider Activity

In related news, insider Thomas D. Schwenger sold 1,126 shares of the firm’s stock in a transaction that occurred on 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 owns 27,013 shares in the company, valued at $6,483,390.13. This trade represents a 4.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jonathan Faddis sold 1,694 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $230.30, for a total value 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. This trade represents a 17.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.50% of the stock is owned by company insiders.

Veeva Systems Stock Up 0.5 %

VEEV traded up $0.98 during trading on Tuesday, reaching $213.85. 362,844 shares of the company’s stock were exchanged, compared to its average volume of 763,153. The company has a market capitalization of $34.72 billion, a P/E ratio of 52.80, a PEG ratio of 2.03 and a beta of 0.84. The business has a 50 day moving average price of $222.67 and a 200 day moving average price of $207.91. Veeva Systems Inc. has a fifty-two week low of $170.25 and a fifty-two week high of $258.93.

About Veeva Systems

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.