Calamos Wealth Management LLC Has $6.58 Million Holdings in Veeva Systems Inc. (NYSE:VEEV)

Calamos Wealth Management LLC boosted its holdings in Veeva Systems Inc. (NYSE:VEEV - Free Report) by 38.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,174 shares of the technology company's stock after buying an additional 9,432 shares during the period. Calamos Wealth Management LLC's holdings in Veeva Systems were worth $6,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. OFI Invest Asset Management bought a new position in shares of Veeva Systems during the third quarter valued at about $25,000. Operose Advisors LLC purchased a new stake in shares of Veeva Systems during the third quarter valued at approximately $29,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Veeva Systems during the fourth quarter valued at approximately $33,000. Parkside Financial Bank & Trust grew its holdings in shares of Veeva Systems by 81.9% during the third quarter. Parkside Financial Bank & Trust now owns 171 shares of the technology company's stock valued at $35,000 after buying an additional 77 shares during the last quarter. Finally, Atticus Wealth Management LLC lifted its position in Veeva Systems by 500.0% during the third quarter. Atticus Wealth Management LLC now owns 180 shares of the technology company's stock valued at $37,000 after purchasing an additional 150 shares during the period. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

Veeva Systems Price Performance

NYSE VEEV traded down $1.16 on Friday, hitting $198.38. The company had a trading volume of 735,422 shares, compared to its average volume of 955,618. The company has a market capitalization of $32.00 billion, a PE ratio of 61.61, a PEG ratio of 2.02 and a beta of 0.74. The company's fifty day moving average price is $221.17 and its 200-day moving average price is $202.82. Veeva Systems Inc. has a 12-month low of $160.21 and a 12-month high of $236.90.

Veeva Systems (NYSE:VEEV - Get Free Report) last announced its earnings results on Thursday, February 29th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.11. Veeva Systems had a net margin of 22.24% and a return on equity of 11.26%. The company had revenue of $630.62 million for the quarter, compared to analysts' expectations of $620.75 million. On average, sell-side analysts anticipate that Veeva Systems Inc. will post 4.11 EPS for the current year.

Insider Activity

In related news, COO Thomas D. Schwenger sold 1,238 shares of the business's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $210.02, for a total value of $260,004.76. Following the sale, the chief operating officer now directly owns 24,342 shares in the company, valued at approximately $5,112,306.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Thomas D. Schwenger sold 1,238 shares of the business's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $210.02, for a total value of $260,004.76. Following the sale, the chief operating officer now directly owns 24,342 shares in the company, valued at approximately $5,112,306.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jonathan Faddis sold 3,598 shares of the business's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $207.42, for a total transaction of $746,297.16. Following the sale, the senior vice president now owns 10,668 shares in the company, valued at $2,212,756.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,836 shares of company stock valued at $4,396,902. 10.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Oppenheimer reiterated an "outperform" rating and issued a $225.00 price target on shares of Veeva Systems in a research report on Thursday, February 22nd. Jefferies Financial Group lifted their price target on shares of Veeva Systems from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, March 4th. Barclays lifted their price objective on shares of Veeva Systems from $240.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, March 1st. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 price target on shares of Veeva Systems in a report on Wednesday, March 27th. Finally, UBS Group raised their price target on Veeva Systems from $185.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Veeva Systems has a consensus rating of "Moderate Buy" and an average target price of $234.90.

About Veeva Systems

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.