Amundi Pioneer Asset Management Inc. grew its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 48.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,473 shares of the technology company’s stock after purchasing an additional 35,535 shares during the quarter. Amundi Pioneer Asset Management Inc. owned about 0.08% of Veeva Systems worth $6,119,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. ETF Managers Group LLC bought a new position in shares of Veeva Systems during the 2nd quarter worth approximately $101,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Veeva Systems during the 2nd quarter worth approximately $102,000. LS Investment Advisors LLC bought a new position in shares of Veeva Systems during the 2nd quarter worth approximately $105,000. C M Bidwell & Associates Ltd. boosted its stake in shares of Veeva Systems by 460.0% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock worth $172,000 after acquiring an additional 2,300 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Veeva Systems by 77.2% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,952 shares of the technology company’s stock worth $181,000 after acquiring an additional 1,286 shares during the period. 72.37% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Veeva Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub upgraded Veeva Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 20th. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 target price on shares of Veeva Systems in a research note on Friday, October 13th. Needham & Company LLC reiterated a “buy” rating on shares of Veeva Systems in a research note on Thursday, October 12th. Finally, JMP Securities reiterated a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research note on Saturday, August 26th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $67.45.

Veeva Systems Inc. (NYSE:VEEV) traded down $0.75 on Friday, reaching $59.46. The company had a trading volume of 1,241,124 shares, compared to its average volume of 862,601. The company has a market cap of $8,351.13, a P/E ratio of 102.05, a PEG ratio of 4.93 and a beta of 1.61. Veeva Systems Inc. has a twelve month low of $40.50 and a twelve month high of $68.07.

In other news, CFO Timothy S. Cabral sold 40,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $58.82, for a total transaction of $2,352,800.00. Following the completion of the sale, the chief financial officer now directly owns 30,000 shares in the company, valued at approximately $1,764,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Eleni Nitsa Zuppas sold 1,329 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $58.74, for a total value of $78,065.46. Following the sale, the insider now owns 9,528 shares of the company’s stock, valued at $559,674.72. The disclosure for this sale can be found here. Insiders sold a total of 282,000 shares of company stock valued at $16,363,720 over the last 90 days. 19.17% of the stock is currently owned by corporate insiders.

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Veeva Systems Profile

Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.

Institutional Ownership by Quarter for Veeva Systems (NYSE:VEEV)

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