UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 225,629 Shares of Veeva Systems Inc. (NYSE:VEEV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,214,146 shares of the technology company's stock after purchasing an additional 225,629 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.75% of Veeva Systems worth $255,274,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC boosted its position in shares of Veeva Systems by 18.2% during the 3rd quarter. Barclays PLC now owns 185,206 shares of the technology company's stock worth $38,870,000 after purchasing an additional 28,497 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Veeva Systems by 73.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,558,592 shares of the technology company's stock worth $536,972,000 after buying an additional 1,081,501 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Veeva Systems by 72.5% during 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 period. Dakota Wealth Management bought a new position in Veeva Systems in the fourth quarter worth approximately $1,471,000. Finally, SG Americas Securities LLC boosted its holdings in Veeva Systems by 146.5% in the fourth quarter. SG Americas Securities LLC now owns 13,792 shares of the technology company's stock worth $2,900,000 after acquiring an additional 8,198 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company's stock.

Veeva Systems Trading Up 2.2%

Shares of VEEV traded up $5.23 on Tuesday, reaching $238.23. 376,809 shares of the company's stock traded hands, compared to its average volume of 1,111,635. The stock's 50 day simple moving average is $228.88 and its two-hundred day simple moving average is $227.14. The stock has a market cap of $38.76 billion, a PE ratio of 58.90, a PEG ratio of 1.89 and a beta of 0.96. Veeva Systems Inc. has a 52-week low of $170.25 and a 52-week high of $258.93.

Analyst Ratings Changes

Several research firms have recently commented on VEEV. Scotiabank boosted their price objective on Veeva Systems from $240.00 to $245.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Needham & Company LLC restated a "buy" rating and set a $270.00 price target on shares of Veeva Systems in a research note on Thursday, March 6th. Robert W. Baird upped their price objective on shares of Veeva Systems from $283.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Truist Financial raised their price objective 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, KeyCorp decreased their target price on shares of Veeva Systems from $260.00 to $250.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, Veeva Systems has a consensus rating of "Moderate Buy" and a consensus price target of $254.92.

Insider Transactions at Veeva Systems

In other Veeva Systems news, Director Timothy S. Cabral sold 3,882 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $216.83, for a total value of $841,734.06. Following the transaction, the director now directly owns 5,500 shares in the company, valued at $1,192,565. The trade was a 41.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas D. Schwenger sold 1,200 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $220.97, for a total transaction of $265,164.00. Following the transaction, the insider now directly owns 25,889 shares of the company's stock, valued at $5,720,692.33. This represents a 4.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,869 shares of company stock worth $1,284,917 in the last ninety days. Company insiders own 10.30% of the company's stock.

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.