American International Group Inc. Invests $142,000 in Veeva Systems Inc (VEEV)
American International Group Inc. bought a new stake in shares of Veeva Systems Inc (NYSE:VEEV) during the fourth quarter, HoldingsChannel.com reports. The fund bought 2,571 shares of the technology company’s stock, valued at approximately $142,000.
Several other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Veeva Systems by 20.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 55,800 shares of the technology company’s stock valued at $3,085,000 after buying an additional 9,600 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Veeva Systems during the 4th quarter valued at approximately $317,000. UBS Asset Management Americas Inc. lifted its position in shares of Veeva Systems by 9.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 286,494 shares of the technology company’s stock valued at $15,837,000 after buying an additional 24,353 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Veeva Systems by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 638,077 shares of the technology company’s stock valued at $35,273,000 after buying an additional 4,568 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its position in shares of Veeva Systems by 16.9% during the 4th quarter. Pinebridge Investments L.P. now owns 56,722 shares of the technology company’s stock valued at $3,135,000 after buying an additional 8,201 shares in the last quarter. Hedge funds and other institutional investors own 73.13% of the company’s stock.
Veeva Systems Inc (VEEV) opened at $77.45 on Thursday. The firm has a market capitalization of $10,950.00, a price-to-earnings ratio of 84.18, a price-to-earnings-growth ratio of 4.67 and a beta of 1.46. Veeva Systems Inc has a fifty-two week low of $45.91 and a fifty-two week high of $78.28.
In other Veeva Systems news, CFO Timothy S. Cabral sold 50,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $55.74, for a total value of $2,787,000.00. Following the transaction, the chief financial officer now owns 50,000 shares in the company, valued at approximately $2,787,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jonathan Faddis sold 8,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the completion of the transaction, the senior vice president now owns 18,462 shares in the company, valued at approximately $1,051,226.28. The disclosure for this sale can be found here. Insiders sold a total of 254,723 shares of company stock worth $16,573,583 in the last 90 days. 17.50% of the stock is currently owned by 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.
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