Axa S.A. Has $84.04 Million Stock Holdings in Veeva Systems Inc. (NYSE:VEEV)

Axa S.A. trimmed its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 459,181 shares of the technology company’s stock after selling 38,425 shares during the period. Axa S.A. owned about 0.28% of Veeva Systems worth $84,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Veeva Systems by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 280,098 shares of the technology company’s stock worth $53,926,000 after acquiring an additional 14,062 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Veeva Systems by 42.2% in the fourth quarter. Wells Fargo & Company MN now owns 147,951 shares of the technology company’s stock worth $28,484,000 after purchasing an additional 43,909 shares in the last quarter. Corient Private Wealth LLC increased its position in Veeva Systems by 1.4% during the fourth quarter. Corient Private Wealth LLC now owns 10,792 shares of the technology company’s stock worth $2,078,000 after buying an additional 148 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in Veeva Systems by 33.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 7,054 shares of the technology company’s stock valued at $1,344,000 after buying an additional 1,771 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Veeva Systems by 59.6% during the fourth quarter. Hsbc Holdings PLC now owns 108,090 shares of the technology company’s stock valued at $20,869,000 after buying an additional 40,381 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on VEEV shares. TD Cowen increased their price objective on Veeva Systems from $180.00 to $192.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Guggenheim increased their price target on Veeva Systems from $211.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Canaccord Genuity Group reduced their price objective on shares of Veeva Systems from $220.00 to $210.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective on shares of Veeva Systems in a report on Thursday, August 29th. Finally, Bank of America lifted their target price on shares of Veeva Systems from $204.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Veeva Systems presently has a consensus rating of “Moderate Buy” and an average price target of $229.96.

Veeva Systems Price Performance

VEEV opened at $205.13 on Thursday. The company has a market capitalization of $33.16 billion, a P/E ratio of 60.51, a P/E/G ratio of 2.05 and a beta of 0.81. The firm’s fifty day moving average price is $200.18 and its two-hundred day moving average price is $201.15. Veeva Systems Inc. has a fifty-two week low of $162.72 and a fifty-two week high of $236.90.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Wednesday, August 28th. The technology company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The business had revenue of $676.18 million for the quarter, compared to analyst estimates of $667.21 million. Veeva Systems had a net margin of 23.91% and a return on equity of 13.30%. On average, equities research analysts expect that Veeva Systems Inc. will post 4.21 EPS for the current fiscal year.

Insider Activity

In related news, SVP Jonathan Faddis sold 2,353 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $200.00, for a total transaction of $470,600.00. Following the completion of the transaction, the senior vice president now owns 9,035 shares in the company, valued at approximately $1,807,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.50% of the company’s stock.

Veeva Systems 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.