Natixis Has $183,000 Stock Holdings in Veeva Systems Inc. (NYSE:VEEV)

Natixis decreased its stake in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 85.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 870 shares of the technology company's stock after selling 4,921 shares during the quarter. Natixis' holdings in Veeva Systems were worth $183,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in VEEV. Norges Bank bought a new position in shares of Veeva Systems during the 4th quarter worth approximately $294,785,000. Principal Financial Group Inc. lifted its holdings in shares of Veeva Systems by 138.9% during the third quarter. Principal Financial Group Inc. now owns 2,179,284 shares of the technology company's stock valued at $457,366,000 after acquiring an additional 1,267,061 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Veeva Systems by 73.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,558,592 shares of the technology company's stock valued at $536,972,000 after purchasing an additional 1,081,501 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Veeva Systems by 29,760.5% in the 4th quarter. Wealthfront Advisers LLC now owns 1,048,700 shares of the technology company's stock worth $220,489,000 after purchasing an additional 1,045,188 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Veeva Systems by 413.3% during the 4th quarter. Marshall Wace LLP now owns 638,380 shares of the technology company's stock valued at $134,219,000 after purchasing an additional 514,004 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company's stock.

Veeva Systems Stock Performance

NYSE:VEEV traded down $2.62 during mid-day trading on Wednesday, hitting $229.03. The stock had a trading volume of 211,983 shares, compared to its average volume of 1,071,088. Veeva Systems Inc. has a twelve month low of $170.25 and a twelve month high of $258.93. The stock has a market cap of $37.26 billion, a price-to-earnings ratio of 56.53, a PEG ratio of 1.89 and a beta of 1.05. The company's 50 day simple moving average is $225.96 and its 200 day simple moving average is $224.26.

Wall Street Analyst Weigh In

A number of research firms have commented on VEEV. Needham & Company LLC reissued a "buy" rating and issued a $270.00 price objective on shares of Veeva Systems in a research note on Thursday, March 6th. StockNews.com raised Veeva Systems from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Truist Financial raised their target price 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. Stephens reaffirmed an "overweight" rating and issued a $280.00 price objective on shares of Veeva Systems in a research note on Thursday, March 6th. Finally, Piper Sandler dropped their target price on shares of 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 assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Veeva Systems currently has a consensus rating of "Moderate Buy" and an average price target of $254.92.

Insider Buying and Selling at Veeva Systems

In other Veeva Systems news, Director Timothy S. Cabral sold 3,882 shares of the company's stock in a transaction on Friday, April 4th. The stock was 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 of the company's stock, valued at $1,192,565. This represents a 41.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jonathan Faddis sold 787 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $226.20, for a total transaction of $178,019.40. Following the completion of the sale, the senior vice president now directly owns 8,668 shares of the company's stock, valued at approximately $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 a total of 5,869 shares of company stock worth $1,284,917 over the last ninety days. Insiders own 10.50% of the company's stock.

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.