Skandinaviska Enskilda Banken AB publ Has $35.78 Million Holdings in Veeva Systems Inc. (NYSE:VEEV)

Skandinaviska Enskilda Banken AB publ grew its stake in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 545.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,486 shares of the technology company's stock after acquiring an additional 165,203 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.12% of Veeva Systems worth $35,776,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Western Pacific Wealth Management LP grew its holdings in Veeva Systems by 23.3% during the first quarter. Western Pacific Wealth Management LP now owns 307 shares of the technology company's stock worth $71,000 after acquiring an additional 58 shares during the period. OV Management LLC lifted its stake in shares of Veeva Systems by 1.0% in the second quarter. OV Management LLC now owns 6,659 shares of the technology company's stock worth $1,219,000 after buying an additional 63 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Veeva Systems by 14.7% in the 4th quarter. Quadrant Capital Group LLC now owns 530 shares of the technology company's stock worth $102,000 after purchasing an additional 68 shares in the last quarter. Simplicity Wealth LLC boosted its stake in Veeva Systems by 1.7% during the second quarter. Simplicity Wealth LLC now owns 4,029 shares of the technology company's stock worth $737,000 after buying an additional 69 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its holdings in shares of Veeva Systems by 0.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 14,047 shares of the technology company's stock valued at $2,571,000 after purchasing an additional 70 shares during the period. 88.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VEEV. Robert W. Baird raised their target price on Veeva Systems from $245.00 to $251.00 and gave the company an "outperform" rating in a report on Thursday, August 29th. Raymond James increased their target price on shares of Veeva Systems from $230.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Bank of America increased their price objective on Veeva Systems from $204.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. TD Cowen boosted their price target on Veeva Systems from $180.00 to $192.00 and gave the company a "hold" rating in a research report on Thursday, August 29th. Finally, Piper Sandler raised their target price on shares of Veeva Systems from $225.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $229.96.

Insider Buying and Selling

In other Veeva Systems news, SVP Jonathan Faddis sold 2,353 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $200.00, for a total value of $470,600.00. Following the transaction, the senior vice president now directly owns 9,035 shares in the company, valued at $1,807,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 10.50% of the company's stock.

Veeva Systems Trading Up 0.2 %

VEEV stock traded up $0.42 during trading on Friday, reaching $214.81. 1,336,600 shares of the stock were exchanged, compared to its average volume of 973,861. Veeva Systems Inc. has a twelve month low of $162.72 and a twelve month high of $236.90. The company has a market capitalization of $34.78 billion, a P/E ratio of 63.37, a price-to-earnings-growth ratio of 2.12 and a beta of 0.81. The stock has a 50 day simple moving average of $199.25 and a 200-day simple moving average of $201.72.

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.