16,587 Shares in Veeva Systems Inc. (NYSE:VEEV) Purchased by Clean Yield Group

Clean Yield Group acquired a new position in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,587 shares of the technology company's stock, valued at approximately $3,487,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its position in shares of Veeva Systems by 0.7% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,924 shares of the technology company's stock valued at $1,453,000 after buying an additional 48 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Veeva Systems by 1.2% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,307 shares of the technology company's stock valued at $904,000 after acquiring an additional 50 shares during the last quarter. Clearbridge Investments LLC boosted its holdings 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 valued at $2,138,000 after acquiring an additional 52 shares in the last quarter. CHICAGO TRUST Co NA grew its position in Veeva Systems by 2.9% during the 4th quarter. CHICAGO TRUST Co NA now owns 1,880 shares of the technology company's stock worth $395,000 after acquiring an additional 53 shares during the last quarter. Finally, Park Place Capital Corp grew its position in Veeva Systems by 11.5% during the 3rd quarter. Park Place Capital Corp now owns 574 shares of the technology company's stock worth $120,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company's stock.

Insider Activity

In other news, SVP Jonathan Faddis sold 1,694 shares of the 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 transaction, the senior vice president now owns 8,061 shares in the company, valued at approximately $1,856,448.30. This represents a 17.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas D. Schwenger sold 1,126 shares of the business's 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. This represents a 4.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.50% of the company's stock.

Analyst Upgrades and Downgrades

VEEV has been the subject of several recent research reports. Bank of America upped their price objective on Veeva Systems from $280.00 to $290.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Royal Bank of Canada boosted their price objective on Veeva Systems from $275.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Canaccord Genuity Group boosted their target price on shares of Veeva Systems from $210.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, December 6th. Stephens started coverage on shares of Veeva Systems in a research report on Friday, December 20th. They set an "overweight" rating and a $280.00 price objective on the stock. Finally, Needham & Company LLC raised their target price on Veeva Systems from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat, Veeva Systems has an average rating of "Moderate Buy" and an average price target of $255.74.

Veeva Systems Trading Down 2.2 %

Shares of VEEV traded down $4.69 on Monday, reaching $213.06. 1,239,026 shares of the company's stock traded hands, compared to its average volume of 1,058,018. The stock's 50 day simple moving average is $222.98 and its two-hundred day simple moving average is $208.97. Veeva Systems Inc. has a 52-week low of $170.25 and a 52-week high of $258.93. The stock has a market cap of $34.59 billion, a PE ratio of 52.61, a PEG ratio of 2.03 and a beta of 0.84.

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.