Veeva Systems Inc. (NYSE:VEEV) Shares Sold by Chicago Capital LLC

Chicago Capital LLC lowered its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 245,611 shares of the technology company’s stock after selling 408 shares during the period. Chicago Capital LLC’s holdings in Veeva Systems were worth $44,949,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Greystone Financial Group LLC increased its position in Veeva Systems by 69.3% during the second quarter. Greystone Financial Group LLC now owns 3,136 shares of the technology company’s stock worth $574,000 after buying an additional 1,284 shares in the last quarter. UNIVEST FINANCIAL Corp raised its position in shares of Veeva Systems by 72.9% in the second quarter. UNIVEST FINANCIAL Corp now owns 1,745 shares of the technology company’s stock valued at $319,000 after buying an additional 736 shares during the last quarter. Candriam S.C.A. boosted its position in Veeva Systems by 19.8% during the second quarter. Candriam S.C.A. now owns 292,208 shares of the technology company’s stock worth $53,474,000 after acquiring an additional 48,365 shares during the last quarter. North Star Asset Management Inc. raised its holdings in Veeva Systems by 20.3% in the 2nd quarter. North Star Asset Management Inc. now owns 104,248 shares of the technology company’s stock valued at $19,078,000 after acquiring an additional 17,573 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Veeva Systems by 6.0% during the second quarter. Private Advisor Group LLC now owns 8,996 shares of the technology company’s stock worth $1,646,000 after purchasing an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Veeva Systems Trading Up 0.3 %

NYSE VEEV traded up $0.58 during mid-day trading on Friday, reaching $215.89. 775,935 shares of the company’s stock traded hands, compared to its average volume of 965,400. Veeva Systems Inc. has a 1-year low of $162.72 and a 1-year high of $236.90. The company has a fifty day simple moving average of $192.22 and a 200-day simple moving average of $202.00. The company has a market cap of $34.90 billion, a price-to-earnings ratio of 63.71, a P/E/G ratio of 2.12 and a beta of 0.81.

Insider Transactions at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 2,353 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $200.00, for a total transaction of $470,600.00. Following the transaction, the senior vice president now directly owns 9,035 shares in the company, valued at approximately $1,807,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VEEV shares. Barclays increased their target price on Veeva Systems from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Morgan Stanley lowered their target price on shares of Veeva Systems from $210.00 to $173.00 and set an “underweight” rating for the company in a report on Friday, May 31st. Bank of America increased their price target on shares of Veeva Systems from $204.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Robert W. Baird boosted their price objective on shares of Veeva Systems from $245.00 to $251.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Evercore ISI cut their target price on Veeva Systems from $230.00 to $200.00 and set an “in-line” rating on the stock in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Veeva Systems has an average rating of “Moderate Buy” and an average price target of $230.57.

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.