DF Dent & Co. Inc. Has $171.18 Million Stock Holdings in Veeva Systems Inc. (NYSE:VEEV)

DF Dent & Co. Inc. decreased its holdings in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 814,189 shares of the technology company's stock after selling 20,378 shares during the period. Veeva Systems comprises 2.2% of DF Dent & Co. Inc.'s portfolio, making the stock its 17th biggest holding. DF Dent & Co. Inc. owned about 0.50% of Veeva Systems worth $171,183,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VEEV. Cardinal Capital Management increased its stake in Veeva Systems by 0.3% in the fourth quarter. Cardinal Capital Management now owns 15,727 shares of the technology company's stock valued at $3,307,000 after purchasing an additional 44 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Veeva Systems by 72.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company's stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of Veeva Systems by 0.7% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 6,975 shares of the technology company's stock valued at $1,467,000 after purchasing an additional 51 shares during the period. CHICAGO TRUST Co NA increased its stake 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 purchasing an additional 53 shares in the last quarter. Finally, Old North State Wealth Management LLC raised its holdings in Veeva Systems by 0.4% during the 4th quarter. Old North State Wealth Management LLC now owns 15,351 shares of the technology company's stock worth $3,228,000 after buying an additional 55 shares during the period. 88.20% of the stock is owned by institutional investors and hedge funds.

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Veeva Systems Price Performance

Veeva Systems stock traded down $0.15 during midday trading on Tuesday, hitting $214.59. The company's stock had a trading volume of 324,691 shares, compared to its average volume of 1,048,738. The company has a market cap of $34.91 billion, a price-to-earnings ratio of 53.18, a PEG ratio of 1.89 and a beta of 1.05. Veeva Systems Inc. has a 1-year low of $170.25 and a 1-year high of $258.93. The company has a 50-day moving average price of $231.52 and a two-hundred day moving average price of $223.12.

Insider Activity at Veeva Systems

In related news, SVP Jonathan Faddis sold 787 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $226.20, for a total value of $178,019.40. Following the transaction, the senior vice president now owns 8,668 shares in the company, valued at approximately $1,960,701.60. This trade represents a 8.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Veeva Systems from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Morgan Stanley boosted their target price on Veeva Systems from $195.00 to $201.00 and gave the company an "underweight" rating in a research note on Thursday, March 6th. The Goldman Sachs Group cut shares of Veeva Systems from a "buy" rating to a "sell" rating and decreased their price target for the stock from $261.00 to $200.00 in a research note on Thursday, January 23rd. Stephens reissued an "overweight" rating and set a $280.00 price target on shares of Veeva Systems in a research report on Thursday, March 6th. Finally, KeyCorp lowered their target price on Veeva Systems from $285.00 to $255.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $256.52.

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.