Heck Capital Advisors LLC Invests $309,000 in Veeva Systems Inc. (NYSE:VEEV)

Heck Capital Advisors LLC purchased 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,469 shares of the technology company's stock, valued at approximately $309,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in Veeva Systems by 72.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company's stock worth $25,000 after buying an additional 50 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Veeva Systems in the third quarter worth approximately $26,000. True Wealth Design LLC raised its position in shares of Veeva Systems by 3,375.0% in the 3rd 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 period. Retirement Wealth Solutions LLC purchased a new stake in shares of Veeva Systems during the 4th quarter worth about $31,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Veeva Systems in the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 88.20% of the company's stock.

Veeva Systems Price Performance

Shares of VEEV stock traded up $2.88 on Wednesday, reaching $236.26. 362,947 shares of the stock were exchanged, compared to its average volume of 1,025,093. Veeva Systems Inc. has a one year low of $170.25 and a one year high of $258.93. The stock has a market cap of $38.36 billion, a PE ratio of 58.31, a P/E/G ratio of 2.05 and a beta of 0.85. The stock has a 50 day moving average price of $223.81 and a 200 day moving average price of $213.65.

Insider Transactions at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 1,694 shares of Veeva Systems stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $230.30, for a total value of $390,128.20. Following the transaction, the senior vice president now owns 8,061 shares in the company, valued at $1,856,448.30. The trade was a 17.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas D. Schwenger sold 1,126 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $240.01, for a total value of $270,251.26. Following the sale, the insider now directly owns 27,013 shares in the company, valued at approximately $6,483,390.13. This trade represents a 4.00 % decrease in their position. The disclosure for this sale can be found here. 10.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Veeva Systems from $280.00 to $290.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Evercore ISI boosted their price target on Veeva Systems from $220.00 to $245.00 and gave the company an "in-line" rating in a report on Friday, December 6th. The Goldman Sachs Group downgraded Veeva Systems from a "buy" rating to a "sell" rating and decreased their target price for the company from $261.00 to $200.00 in a research note on Thursday, January 23rd. KeyCorp dropped their price target on shares of Veeva Systems from $285.00 to $255.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Finally, Morgan Stanley boosted their price objective on Veeva Systems from $183.00 to $195.00 and gave the stock an "underweight" rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned 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 $253.96.

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.