Makena Capital Management LLC Acquires 11,636 Shares of Veeva Systems Inc. $VEEV

Makena Capital Management LLC increased its holdings in Veeva Systems Inc. (NYSE:VEEV) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,273 shares of the technology company’s stock after purchasing an additional 11,636 shares during the quarter. Veeva Systems makes up 2.7% of Makena Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Makena Capital Management LLC owned approximately 0.05% of Veeva Systems worth $25,999,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. GPS Wealth Strategies Group LLC grew its position in shares of Veeva Systems by 196.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after buying an additional 55 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Veeva Systems in the third quarter worth approximately $28,000. OLD Second National Bank of Aurora bought a new stake in Veeva Systems in the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in Veeva Systems during the 2nd quarter valued at approximately $32,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Veeva Systems by 58.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock worth $38,000 after purchasing an additional 49 shares during the last quarter. 88.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VEEV has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $355.00 price objective on shares of Veeva Systems in a research note on Friday, November 21st. Canaccord Genuity Group reiterated a “buy” rating on shares of Veeva Systems in a report on Tuesday, November 25th. KeyCorp reissued a “sector weight” rating on shares of Veeva Systems in a research report on Friday, December 12th. UBS Group cut their target price on Veeva Systems from $280.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, BMO Capital Markets assumed coverage on Veeva Systems in a report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 target price for the company. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Insiders Place Their Bets

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following the transaction, the insider directly owned 23,204 shares of the company’s stock, valued at approximately $5,370,101.72. This trade represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.30% of the company’s stock.

Veeva Systems News Summary

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: RBC Capital reiterated its Buy stance on VEEV, signaling continued institutional confidence in Veeva’s growth profile and commercial software exposure. RBC Sticks to Buy
• Positive Sentiment: Morgan Stanley upgraded VEEV (upgrade reported), adding upward analyst support that can attract buyers who follow institutional ratings. Morgan Stanley Upgrade
• Positive Sentiment: Veeva closed higher in the most recent session, showing short-term buying interest after recent weakness. Veeva Closes Higher
• Neutral Sentiment: JPMorgan trimmed its price target from $330 to $296 but kept an Overweight rating — a signal that the bank still sees upside even while moderating expectations. JPMorgan PT Cut
• Neutral Sentiment: UBS lowered its target from $280 to $200 and moved to a Neutral rating — reducing near-term upside from that shop and likely tempering enthusiasm from UBS-following investors. UBS PT Cut
• Neutral Sentiment: Analyst/opinion pieces weigh two reasons to like VEEV (platform strength, recurring revenue) against one concern — signaling a balanced view for investors considering re-entry after recent losses. 2 Reasons to Like VEEV
• Negative Sentiment: Asset managers cite a broader sector rotation out of technology and software, which has pressured Veeva alongside peers — a macro/flow-driven headwind that can keep volatility elevated. Sector Rotation

Veeva Systems Stock Performance

VEEV stock opened at $180.45 on Monday. The stock’s 50 day simple moving average is $211.00 and its 200 day simple moving average is $253.70. Veeva Systems Inc. has a fifty-two week low of $168.13 and a fifty-two week high of $310.50. The company has a market cap of $29.66 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 1.25 and a beta of 1.08.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The firm had revenue of $0.81 million during the quarter, compared to analysts’ expectations of $792.37 million. During the same quarter last year, the firm posted $1.75 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Veeva Systems announced that its Board of Directors has approved a share repurchase program on Monday, January 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 5.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Veeva Systems Company Profile

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.