1,462 Shares in Veeva Systems Inc. (NYSE:VEEV) Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. acquired a new position in shares of Veeva Systems Inc. (NYSE:VEEV) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,462 shares of the technology company’s stock, valued at approximately $307,000.

Several other institutional investors and hedge funds have also bought and sold shares of VEEV. Spectrum Asset Management Inc. NB CA bought a new position in shares of Veeva Systems in the third quarter worth about $276,000. International Assets Investment Management LLC lifted its holdings in shares of Veeva Systems by 19,189.0% in the third quarter. International Assets Investment Management LLC now owns 119,206 shares of the technology company’s stock worth $25,018,000 after acquiring an additional 118,588 shares during the last quarter. Capital Investment Counsel Inc lifted its holdings in shares of Veeva Systems by 5.5% in the third quarter. Capital Investment Counsel Inc now owns 26,646 shares of the technology company’s stock worth $5,592,000 after acquiring an additional 1,384 shares during the last quarter. Lecap Asset Management Ltd. lifted its holdings in shares of Veeva Systems by 442.0% in the third quarter. Lecap Asset Management Ltd. now owns 22,660 shares of the technology company’s stock worth $4,756,000 after acquiring an additional 18,479 shares during the last quarter. Finally, Liberty Capital Management Inc. lifted its holdings in shares of Veeva Systems by 1.7% in the third quarter. Liberty Capital Management Inc. now owns 5,937 shares of the technology company’s stock worth $1,246,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 88.20% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jonathan Faddis sold 2,353 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $200.00, for a total value of $470,600.00. Following the transaction, the senior vice president now directly owns 9,035 shares in the company, valued at $1,807,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is owned by company insiders.

Veeva Systems Stock Up 0.8 %

Shares of VEEV stock opened at $213.77 on Wednesday. The company has a market cap of $34.62 billion, a price-to-earnings ratio of 57.01, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. Veeva Systems Inc. has a 52 week low of $162.72 and a 52 week high of $236.90. The firm has a 50 day moving average of $211.85 and a 200-day moving average of $198.78.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, August 28th. The technology company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The company had revenue of $676.18 million during the quarter, compared to the consensus estimate of $667.21 million. Veeva Systems had a net margin of 23.91% and a return on equity of 13.30%. Analysts anticipate that Veeva Systems Inc. will post 4.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

VEEV has been the subject of a number of research reports. Citigroup increased their target price on shares of Veeva Systems from $256.00 to $273.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Bank of America upped their price objective on Veeva Systems from $204.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Barclays upped their price objective on Veeva Systems from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. UBS Group upped their price objective on Veeva Systems from $185.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, Raymond James upped their price objective on Veeva Systems from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Veeva Systems presently has an average rating of “Moderate Buy” and an average price target of $232.87.

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.