Assenagon Asset Management S.A. Boosts Stock Position in Veeva Systems Inc. $VEEV

Assenagon Asset Management S.A. boosted its position in Veeva Systems Inc. (NYSE:VEEV) by 173.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,538 shares of the technology company’s stock after purchasing an additional 37,789 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Veeva Systems were worth $17,737,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Cullen Investment Group LTD. grew its position in shares of Veeva Systems by 2.2% in the 3rd quarter. Cullen Investment Group LTD. now owns 7,969 shares of the technology company’s stock worth $2,361,000 after buying an additional 172 shares during the last quarter. Union Bancaire Privee UBP SA boosted its stake in Veeva Systems by 9.4% in the third quarter. Union Bancaire Privee UBP SA now owns 15,493 shares of the technology company’s stock valued at $4,616,000 after acquiring an additional 1,326 shares in the last quarter. HF Advisory Group LLC grew its holdings in Veeva Systems by 49.9% in the third quarter. HF Advisory Group LLC now owns 2,567 shares of the technology company’s stock worth $765,000 after purchasing an additional 854 shares during the last quarter. New England Research & Management Inc. acquired a new position in shares of Veeva Systems during the third quarter worth $670,000. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of Veeva Systems by 9.9% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 955 shares of the technology company’s stock valued at $285,000 after purchasing an additional 86 shares during the last quarter. 88.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VEEV has been the subject of a number of recent analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $330.00 price objective on shares of Veeva Systems in a research report on Monday, November 24th. Robert W. Baird increased their price target on Veeva Systems from $314.00 to $319.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. KeyCorp restated a “sector weight” rating on shares of Veeva Systems in a research note on Friday, December 12th. Citigroup cut their price objective on shares of Veeva Systems from $349.00 to $319.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $340.00 target price (up from $310.00) on shares of Veeva Systems in a research note on Thursday, August 28th. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.42.

Insider Buying and Selling at Veeva Systems

In other news, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value of $1,005,134.00. Following the completion of the transaction, the insider owned 23,773 shares of the company’s stock, valued at $7,132,850.92. The trade was a 12.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jonathan Faddis sold 14,595 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.00, for a total value of $4,378,500.00. Following the completion of the sale, the senior vice president owned 8,588 shares in the company, valued at $2,576,400. The trade was a 62.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 24,665 shares of company stock worth $7,438,000. Insiders own 10.30% of the company’s stock.

Veeva Systems Trading Up 1.8%

Shares of NYSE VEEV opened at $222.11 on Friday. The company has a 50 day simple moving average of $265.47 and a two-hundred day simple moving average of $276.91. The stock has a market cap of $36.51 billion, a price-to-earnings ratio of 43.21, a PEG ratio of 1.62 and a beta of 1.05. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.09. The firm had revenue of $0.81 million during the quarter, compared to analysts’ expectations of $792.37 million. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 earnings per share. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. Analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current year.

About Veeva Systems

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.