TFO Wealth Partners LLC Has $146,000 Position in Veeva Systems Inc. (NYSE:VEEV)

TFO Wealth Partners LLC raised its holdings in shares of Veeva Systems Inc. (NYSE:VEEVFree Report) by 37,850.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 759 shares of the technology company’s stock after purchasing an additional 757 shares during the quarter. TFO Wealth Partners LLC’s holdings in Veeva Systems were worth $146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Operose Advisors LLC bought a new stake in Veeva Systems during the 3rd quarter valued at $29,000. DSM Capital Partners LLC bought a new stake in shares of Veeva Systems in the 4th quarter worth $29,000. Parkside Financial Bank & Trust grew its stake in shares of Veeva Systems by 81.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 171 shares of the technology company’s stock worth $35,000 after acquiring an additional 77 shares in the last quarter. American National Bank bought a new stake in shares of Veeva Systems in the 4th quarter worth $36,000. Finally, Atticus Wealth Management LLC grew its stake in shares of Veeva Systems by 500.0% in the 3rd quarter. Atticus Wealth Management LLC now owns 180 shares of the technology company’s stock worth $37,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on VEEV. Robert W. Baird upped their target price on shares of Veeva Systems from $251.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. The Goldman Sachs Group upped their target price on shares of Veeva Systems from $219.00 to $248.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Morgan Stanley reduced their target price on shares of Veeva Systems from $210.00 to $173.00 and set an “underweight” rating for the company in a research note on Friday, May 31st. Jefferies Financial Group increased their price target on shares of Veeva Systems from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of Veeva Systems from $183.00 to $222.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $228.25.

View Our Latest Report on Veeva Systems

Insider Activity at Veeva Systems

In related news, Director Timothy S. Cabral sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $226.04, for a total value of $3,390,600.00. Following the sale, the director now directly owns 23,391 shares of the company’s stock, valued at $5,287,301.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Veeva Systems news, Director Timothy S. Cabral sold 15,000 shares of Veeva Systems stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $226.04, for a total transaction of $3,390,600.00. Following the transaction, the director now directly owns 23,391 shares of the company’s stock, valued at $5,287,301.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jonathan Faddis sold 3,598 shares of Veeva Systems stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $207.42, for a total transaction of $746,297.16. Following the transaction, the senior vice president now directly owns 10,668 shares in the company, valued at $2,212,756.56. The disclosure for this sale can be found here. Insiders have sold 21,989 shares of company stock valued at $4,818,013 over the last three months. 10.50% of the stock is owned by corporate insiders.

Veeva Systems Price Performance

Shares of VEEV opened at $178.80 on Wednesday. The firm’s 50 day simple moving average is $205.41 and its 200 day simple moving average is $204.24. The company has a market capitalization of $28.84 billion, a P/E ratio of 52.74, a P/E/G ratio of 1.71 and a beta of 0.80. Veeva Systems Inc. has a 1-year low of $162.72 and a 1-year high of $236.90.

Veeva Systems Profile

(Free Report)

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.

See Also

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

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