Veeva Systems Inc. (NYSE:VEEV) Stake Boosted by Captrust Financial Advisors

Captrust Financial Advisors increased its position in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 20.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,497 shares of the technology company's stock after purchasing an additional 1,632 shares during the quarter. Captrust Financial Advisors' holdings in Veeva Systems were worth $1,997,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VEEV. MassMutual Private Wealth & Trust FSB lifted its stake in Veeva Systems by 72.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company's stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in Veeva Systems in the fourth quarter worth $25,000. Smithfield Trust Co increased its position in Veeva Systems by 145.5% in the fourth quarter. Smithfield Trust Co now owns 135 shares of the technology company's stock worth $27,000 after buying an additional 80 shares during the period. Avion Wealth increased its position in Veeva Systems by 635.0% in the fourth quarter. Avion Wealth now owns 147 shares of the technology company's stock worth $30,000 after buying an additional 127 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new stake in Veeva Systems in the fourth quarter worth $31,000. 88.20% of the stock is currently owned by institutional investors.

Veeva Systems Trading Up 1.9%

NYSE:VEEV opened at $241.47 on Tuesday. The firm has a market capitalization of $39.29 billion, a price-to-earnings ratio of 59.62, a PEG ratio of 1.89 and a beta of 0.96. Veeva Systems Inc. has a 1-year low of $170.25 and a 1-year high of $258.93. The business's fifty day moving average price is $228.41 and its 200 day moving average price is $225.60.

Insider Activity at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,200 shares of the company'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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy S. Cabral sold 3,882 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $216.83, for a total value of $841,734.06. Following the completion of the transaction, the director now directly owns 5,500 shares in the company, valued at approximately $1,192,565. The trade was a 41.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,869 shares of company stock valued at $1,284,917. Company insiders own 10.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on VEEV shares. Stephens reaffirmed an "overweight" rating and issued a $280.00 target price on shares of Veeva Systems in a research report on Thursday, March 6th. JPMorgan Chase & Co. increased their target price on Veeva Systems from $218.00 to $249.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 target price on shares of Veeva Systems in a research report on Thursday, March 6th. Truist Financial raised their price target on Veeva Systems from $210.00 to $217.00 and gave the company a "hold" rating in a report on Thursday, March 6th. Finally, Morgan Stanley raised their price target on Veeva Systems from $195.00 to $201.00 and gave the company an "underweight" rating in a report on Thursday, March 6th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $254.92.

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.

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