Goodman Advisory Group LLC Purchases 2,785 Shares of Veeva Systems Inc. (NYSE:VEEV)

Goodman Advisory Group LLC boosted its position in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,074 shares of the technology company's stock after purchasing an additional 2,785 shares during the period. Veeva Systems accounts for 1.3% of Goodman Advisory Group LLC's investment portfolio, making the stock its 25th biggest holding. Goodman Advisory Group LLC's holdings in Veeva Systems were worth $4,431,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in 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 worth $457,366,000 after buying an additional 1,267,061 shares in the last quarter. Smith Group Asset Management LLC boosted its position in Veeva Systems by 2.2% during the fourth quarter. Smith Group Asset Management LLC now owns 82,567 shares of the technology company's stock valued at $17,360,000 after purchasing an additional 1,749 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Veeva Systems during the fourth quarter valued at $816,000. Venturi Wealth Management LLC grew its stake in Veeva Systems by 2,716.7% in the fourth quarter. Venturi Wealth Management LLC now owns 169 shares of the technology company's stock valued at $36,000 after purchasing an additional 163 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Veeva Systems by 21.6% in the 4th quarter. Nordea Investment Management AB now owns 261,131 shares of the technology company's stock worth $55,073,000 after purchasing an additional 46,440 shares during the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

Veeva Systems Trading Up 2.5 %

NYSE VEEV traded up $5.45 during trading hours on Wednesday, reaching $221.23. 405,215 shares of the company's stock were exchanged, compared to its average volume of 1,067,718. The stock has a market cap of $35.99 billion, a PE ratio of 54.62, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. The firm has a fifty day moving average of $226.48 and a 200-day moving average of $223.57. Veeva Systems Inc. has a one year low of $170.25 and a one year high of $258.93.

Wall Street Analyst Weigh In

Several brokerages recently commented on VEEV. KeyCorp lowered their price target on Veeva Systems from $260.00 to $250.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Scotiabank increased their target price on shares of Veeva Systems from $240.00 to $245.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Robert W. Baird upped their price target on Veeva Systems from $283.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Piper Sandler cut their price objective on Veeva Systems from $290.00 to $255.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, StockNews.com upgraded Veeva Systems from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $254.92.

Insider Activity at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,200 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $220.97, for a total transaction of $265,164.00. Following the completion of the sale, the insider now directly owns 25,889 shares of the company's stock, valued at approximately $5,720,692.33. The trade was a 4.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy S. Cabral sold 3,882 shares of Veeva Systems stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $216.83, for a total transaction of $841,734.06. Following the sale, the director now owns 5,500 shares of the company's stock, valued at approximately $1,192,565. This represents a 41.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,869 shares of company stock valued at $1,284,917 over the last ninety days. 10.50% of the stock is 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.