Heck Capital Advisors LLC Purchases New Position in Veeva Systems Inc. (NYSE:VEEV)

Heck Capital Advisors LLC purchased a new stake in Veeva Systems Inc. (NYSE:VEEV) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,469 shares of the technology company’s stock, valued at approximately $309,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Leigh Baldwin & CO. LLC bought a new stake in Veeva Systems during the fourth quarter worth approximately $3,260,000. Mackenzie Financial Corp boosted its position in Veeva Systems by 24.6% during the fourth quarter. Mackenzie Financial Corp now owns 32,742 shares of the technology company’s stock worth $6,884,000 after purchasing an additional 6,467 shares during the period. Forum Financial Management LP boosted its position in Veeva Systems by 75.9% during the fourth quarter. Forum Financial Management LP now owns 2,144 shares of the technology company’s stock worth $451,000 after purchasing an additional 925 shares during the period. Baer Investment Advisory LLC acquired a new position in shares of Veeva Systems during the fourth quarter worth approximately $3,119,000. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Veeva Systems during the fourth quarter worth approximately $1,989,000. Institutional investors own 88.20% of the company’s stock.

Insiders Place Their Bets

In other Veeva Systems news, Director Timothy S. Cabral sold 3,882 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $216.83, for a total transaction of $841,734.06. Following the completion of the transaction, the director now directly owns 5,500 shares in the company, valued at $1,192,565. This represents a 41.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jonathan Faddis sold 787 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $226.20, for a total value of $178,019.40. Following the transaction, the senior vice president now owns 8,668 shares of the company’s stock, valued at $1,960,701.60. This represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,869 shares of company stock worth $1,284,917 over the last three months. 10.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

VEEV has been the subject of a number of research analyst reports. Truist Financial upped their price target on Veeva Systems from $210.00 to $217.00 and gave the stock a “hold” rating in a report on Thursday, March 6th. Robert W. Baird upped their price target on Veeva Systems from $283.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Needham & Company LLC reiterated a “buy” rating and set a $270.00 price target on shares of Veeva Systems in a report on Thursday, March 6th. Wall Street Zen upgraded Veeva Systems from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Finally, Piper Sandler cut their price target on Veeva Systems from $290.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $254.92.

Veeva Systems Price Performance

Veeva Systems stock opened at $233.41 on Monday. The stock has a fifty day moving average price of $228.95 and a two-hundred day moving average price of $227.15. Veeva Systems Inc. has a 52-week low of $170.25 and a 52-week high of $258.93. The firm has a market capitalization of $37.97 billion, a P/E ratio of 57.63, a P/E/G ratio of 1.89 and a beta of 0.96.

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.