Williams Jones Wealth Management LLC. Has $2.28 Million Holdings in Veeva Systems Inc. (NYSE:VEEV)

Williams Jones Wealth Management LLC. decreased its holdings in Veeva Systems Inc. (NYSE:VEEV - Free Report) by 79.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,860 shares of the technology company's stock after selling 41,714 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in Veeva Systems were worth $2,283,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Leigh Baldwin & CO. LLC bought a new position in shares of Veeva Systems in the fourth quarter valued at approximately $685,355,000. Norges Bank purchased a new stake in Veeva Systems in the 4th quarter valued at $294,785,000. JPMorgan Chase & Co. lifted 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 valued at $536,972,000 after acquiring an additional 1,081,501 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in Veeva Systems by 29,760.5% during the 4th quarter. Wealthfront Advisers LLC now owns 1,048,700 shares of the technology company's stock valued at $220,489,000 after acquiring an additional 1,045,188 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Veeva Systems by 36.0% during the 4th quarter. Principal Financial Group Inc. now owns 2,964,025 shares of the technology company's stock worth $623,186,000 after acquiring an additional 784,741 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company's stock.

Insider Buying and Selling at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,200 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $220.97, for a total value of $265,164.00. Following the completion of the transaction, the insider now owns 25,889 shares in the company, valued at $5,720,692.33. This trade represents a 4.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan Faddis sold 787 shares of Veeva Systems stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $226.20, for a total value of $178,019.40. Following the transaction, the senior vice president now directly owns 8,668 shares of the company's stock, valued at $1,960,701.60. The trade was a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,869 shares of company stock valued at $1,284,917 in the last 90 days. 10.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on VEEV shares. StockNews.com upgraded shares of Veeva Systems from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Truist Financial increased 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. Needham & Company LLC restated a "buy" rating and issued a $270.00 target price on shares of Veeva Systems in a research note on Thursday, March 6th. Morgan Stanley upped their target price on Veeva Systems from $195.00 to $201.00 and gave the company an "underweight" rating in a report on Thursday, March 6th. Finally, Piper Sandler decreased their price target on Veeva Systems from $290.00 to $255.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $254.92.

Veeva Systems Trading Up 0.5%

Shares of VEEV stock opened at $240.80 on Wednesday. The firm's 50 day moving average is $229.01 and its 200 day moving average is $226.69. The stock has a market capitalization of $39.18 billion, a P/E ratio of 59.46, a PEG ratio of 1.89 and a beta of 0.96. Veeva Systems Inc. has a 12 month low of $170.25 and a 12 month high of $258.93.

Veeva Systems 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.

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