Zevenbergen Capital Investments LLC lowered its holdings in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,192 shares of the technology company's stock after selling 16,010 shares during the quarter. Veeva Systems accounts for about 0.9% of Zevenbergen Capital Investments LLC's portfolio, making the stock its 29th biggest position. Zevenbergen Capital Investments LLC owned about 0.13% of Veeva Systems worth $44,613,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Veeva Systems by 72.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company's stock valued at $25,000 after buying an additional 50 shares during the period. Centricity Wealth Management LLC acquired a new position in Veeva Systems in the 4th quarter worth $25,000. Smithfield Trust Co increased its holdings in Veeva Systems by 145.5% during the 4th quarter. Smithfield Trust Co now owns 135 shares of the technology company's stock worth $27,000 after purchasing an additional 80 shares in the last quarter. True Wealth Design LLC raised its stake 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 valued at $29,000 after purchasing an additional 135 shares during the period. Finally, Avion Wealth boosted its position in shares of Veeva Systems by 635.0% during the fourth quarter. Avion Wealth now owns 147 shares of the technology company's stock worth $30,000 after buying an additional 127 shares during the period. 88.20% of the stock is currently owned by institutional investors and hedge funds.
Veeva Systems Stock Up 0.6 %
Shares of Veeva Systems stock traded up $1.37 on Tuesday, hitting $240.41. The stock had a trading volume of 1,056,406 shares, compared to its average volume of 1,010,891. The stock has a market cap of $39.03 billion, a price-to-earnings ratio of 59.36, a price-to-earnings-growth ratio of 1.89 and a beta of 0.88. Veeva Systems Inc. has a twelve month low of $170.25 and a twelve month high of $258.93. The business's 50 day moving average is $230.35 and its two-hundred day moving average is $222.59.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on VEEV. Needham & Company LLC reissued a "buy" rating and issued a $270.00 target price on shares of Veeva Systems in a research report on Thursday, March 6th. Morgan Stanley lifted their price objective on shares of Veeva Systems from $195.00 to $201.00 and gave the company an "underweight" rating in a report on Thursday, March 6th. 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 report on Thursday, March 6th. Truist Financial lifted their price target on shares of Veeva Systems from $210.00 to $217.00 and gave the company a "hold" rating in a research note on Thursday, March 6th. Finally, Wells Fargo & Company increased their price objective on shares of Veeva Systems from $275.00 to $285.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Veeva Systems currently has an average rating of "Moderate Buy" and an average price target of $256.52.
Check Out Our Latest Report on VEEV
Veeva Systems Company Profile
(
Free Report)
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.
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