CIBC Private Wealth Group LLC boosted its holdings in Veeva Systems Inc. (NYSE:VEEV – Get Rating) by 61.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,096 shares of the technology company’s stock after purchasing an additional 50,893 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.09% of Veeva Systems worth $22,109,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CI Investments Inc. boosted its holdings in shares of Veeva Systems by 964.7% in the third quarter. CI Investments Inc. now owns 181 shares of the technology company’s stock valued at $30,000 after acquiring an additional 164 shares during the period. City Holding Co. acquired a new stake in shares of Veeva Systems in the third quarter valued at approximately $34,000. Western Pacific Wealth Management LP boosted its holdings in shares of Veeva Systems by 11,200.0% in the third quarter. Western Pacific Wealth Management LP now owns 226 shares of the technology company’s stock valued at $37,000 after acquiring an additional 224 shares during the period. Duncker Streett & Co. Inc. purchased a new stake in shares of Veeva Systems during the third quarter worth approximately $42,000. Finally, Global Wealth Management Investment Advisory Inc. raised its stake in shares of Veeva Systems by 63.9% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 218 shares of the technology company’s stock worth $46,000 after purchasing an additional 85 shares during the last quarter. 78.76% of the stock is owned by institutional investors and hedge funds.
Veeva Systems Stock Up 2.4 %
Shares of VEEV stock opened at $173.08 on Wednesday. Veeva Systems Inc. has a fifty-two week low of $151.02 and a fifty-two week high of $232.26. The stock has a market cap of $26.95 billion, a P/E ratio of 57.50, a P/E/G ratio of 3.78 and a beta of 0.90. The business has a fifty day simple moving average of $169.28 and a 200-day simple moving average of $170.64.
Analyst Upgrades and Downgrades
In related news, CEO Peter P. Gassner sold 42,304 shares of the stock in a transaction on Friday, December 16th. The stock was sold at an average price of $168.22, for a total transaction of $7,116,378.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Matthew J. Wallach sold 10,000 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $159.80, for a total transaction of $1,598,000.00. Following the sale, the director now owns 2,846 shares of the company’s stock, valued at $454,790.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Peter P. Gassner sold 42,304 shares of the stock in a transaction on Friday, December 16th. The shares were sold at an average price of $168.22, for a total value of $7,116,378.88. The disclosure for this sale can be found here. Insiders sold a total of 139,528 shares of company stock worth $23,119,839 over the last 90 days. 13.23% of the stock is currently owned by corporate insiders.
Veeva Systems Profile
Veeva Systems, Inc engages in the provision of industry cloud solutions for the global life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance.
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