Ashe Capital Management LP Invests $75.23 Billion in Veeva Systems Inc. $VEEV

Ashe Capital Management LP acquired a new stake in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 423,917 shares of the technology company's stock, valued at approximately $75,232,550,000. Veeva Systems comprises about 8.1% of Ashe Capital Management LP's holdings, making the stock its 6th largest holding. Ashe Capital Management LP owned 0.26% of Veeva Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VEEV. SHP Wealth Management acquired a new stake in Veeva Systems in the fourth quarter worth $26,000. Activest Wealth Management lifted its stake in Veeva Systems by 3,175.0% in the fourth quarter. Activest Wealth Management now owns 131 shares of the technology company's stock valued at $29,000 after buying an additional 127 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of Veeva Systems during the second quarter valued at $29,000. MV Capital Management Inc. acquired a new position in shares of Veeva Systems during the fourth quarter valued at $30,000. Finally, Reflection Asset Management bought a new position in shares of Veeva Systems during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 88.20% of the company's stock.

Insiders Place Their Bets

In other news, insider Thomas D. Schwenger sold 36,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $250.23, for a total transaction of $9,008,280.00. Following the completion of the transaction, the insider owned 19,449 shares in the company, valued at approximately $4,866,723.27. This trade represents a 64.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VEEV shares. Mizuho dropped their price objective on shares of Veeva Systems from $295.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, June 4th. Zacks Research lowered shares of Veeva Systems from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 14th. Canaccord Genuity Group decreased their target price on shares of Veeva Systems from $235.00 to $220.00 and set a "hold" rating for the company in a research report on Thursday, June 4th. TD Cowen restated a "buy" rating on shares of Veeva Systems in a research note on Monday. Finally, BNP Paribas Exane reaffirmed an "outperform" rating and set a $285.00 price target on shares of Veeva Systems in a report on Thursday, June 4th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $258.08.

Key Veeva Systems News

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Veeva reported second-quarter revenue of approximately $928 million, up 17.6% year over year and above the $905.4 million consensus estimate. Subscription revenue rose 16% to $766.8 million. Veeva Announces Fiscal 2027 Second Quarter Results
• Positive Sentiment: Adjusted earnings reached $2.35 per share, exceeding the $2.22 consensus estimate and increasing from $1.99 a year earlier. The earnings and revenue beats were approximately 5.9% and 2.6%, respectively. Veeva Systems Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management issued above-consensus fiscal 2027 guidance, including revenue of about $3.7 billion versus a $3.6 billion estimate and EPS of $9.21 versus an $8.58 estimate. Third-quarter revenue guidance of $932 million-$935 million and EPS guidance of $2.33-$2.34 also topped analyst forecasts.
• Positive Sentiment: Biogen and Regeneron each committed to adopting Veeva Vault CRM globally. The wins reinforce Veeva’s competitive position in life-sciences customer relationship management and may support future subscription growth. Veeva Vault CRM Selected by Regeneron Veeva Vault CRM Selected by Biogen
• Neutral Sentiment: Piper Sandler initiated coverage, while Needham reaffirmed its Buy rating. These actions add analyst visibility but provide limited new information without detailed price targets or estimates.
• Neutral Sentiment: Despite the improving outlook, Veeva trades at a relatively elevated valuation, with a reported price-to-earnings ratio above 43. Future gains may therefore depend on continued execution and strong growth.

Veeva Systems Stock Performance

VEEV opened at $244.72 on Thursday. The company has a market capitalization of $39.75 billion, a PE ratio of 43.62, a P/E/G ratio of 1.06 and a beta of 0.92. The stock's fifty day moving average is $203.41 and its 200-day moving average is $183.04. Veeva Systems Inc. has a one year low of $148.05 and a one year high of $310.50.

Veeva Systems (NYSE:VEEV - Get Free Report) last announced its earnings results on Wednesday, August 26th. The technology company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.13. The business had revenue of $927.96 million during the quarter, compared to analysts' expectations of $905.38 million. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The company's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $1.99 earnings per share. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. On average, equities research analysts forecast that Veeva Systems Inc. will post 6.65 EPS for the current fiscal year.

About Veeva Systems

Veeva Systems NYSE: VEEV is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva's product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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