Aster Capital Management DIFC Ltd Has $1.38 Million Stake in Veeva Systems Inc. $VEEV

Aster Capital Management DIFC Ltd increased its stake in Veeva Systems Inc. (NYSE:VEEV) by 489.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,636 shares of the technology company’s stock after purchasing an additional 3,849 shares during the period. Veeva Systems makes up 0.7% of Aster Capital Management DIFC Ltd’s holdings, making the stock its 27th largest position. Aster Capital Management DIFC Ltd’s holdings in Veeva Systems were worth $1,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC lifted its holdings in shares of Veeva Systems by 0.3% in the third quarter. Linden Thomas Advisory Services LLC now owns 12,444 shares of the technology company’s stock valued at $3,707,000 after purchasing an additional 35 shares in the last quarter. Sigma Planning Corp raised its position in Veeva Systems by 1.2% in the 2nd quarter. Sigma Planning Corp now owns 3,328 shares of the technology company’s stock valued at $958,000 after buying an additional 39 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in Veeva Systems by 3.5% in the 3rd quarter. Personal CFO Solutions LLC now owns 1,163 shares of the technology company’s stock valued at $346,000 after acquiring an additional 39 shares in the last quarter. AFT Forsyth & Company Inc. lifted its stake in Veeva Systems by 4.2% in the 3rd quarter. AFT Forsyth & Company Inc. now owns 984 shares of the technology company’s stock valued at $293,000 after acquiring an additional 40 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in Veeva Systems by 17.1% during the 3rd quarter. Private Trust Co. NA now owns 281 shares of the technology company’s stock worth $84,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 88.20% of the company’s stock.

Veeva Systems News Summary

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Company authorized a new ~US$2 billion share buyback and analysts have recently revised some estimates upward, supporting renewed investor focus on valuation and capital return. This buyback is being cited as a main catalyst for renewed demand. A Look At Veeva Systems (VEEV) Valuation
• Positive Sentiment: Veeva launched “eSource” to streamline clinical-trial data capture — a product extension that can expand stickiness with life-sciences customers and support subscription revenue growth. Product launches that improve workflow integration are generally positive for recurring SaaS sales. Veeva Systems Inc. (VEEV) Launches eSource
• Positive Sentiment: Market headlines and broad sector flows have highlighted Veeva as a top mover today, helping momentum-driven buying. General coverage pointing to the stock “skyrocketing” has likely amplified intraday demand. Veeva Systems, Upstart, Paycom, Commvault, and Agilysys shares skyrocket
• Neutral Sentiment: Stifel trimmed its price target (from $320 to $212) but retained a Buy rating, signaling mixed analyst sentiment: lower upside expectations but continued buy-side endorsement. Stifel price target change
• Neutral Sentiment: Coverage pieces (Zacks, recent market summaries) note Veeva as a trending name — raising attention but not changing fundamentals by itself. Veeva trending stock note
• Negative Sentiment: Multiple broker price targets were lowered recently (Barclays, Oppenheimer among them), reflecting more cautious medium-term estimates even as most maintain constructive ratings — a headwind for valuation. Barclays price target note Oppenheimer lowers price target
• Negative Sentiment: Short interest rose ~26% in February to roughly 6.33M shares (about 4.3% of float), increasing bearish pressure and potential volatility should sentiment change. (Data reported Feb 13.)

Veeva Systems Stock Up 3.6%

VEEV opened at $182.84 on Friday. Veeva Systems Inc. has a 12-month low of $168.13 and a 12-month high of $310.50. The stock has a market cap of $30.06 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 1.22 and a beta of 1.08. The business has a 50 day moving average of $207.69 and a 200-day moving average of $251.18.

Veeva Systems declared that its board has authorized a stock buyback plan on Monday, January 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 5.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VEEV. Canaccord Genuity Group reiterated a “buy” rating on shares of Veeva Systems in a report on Tuesday, November 25th. Morgan Stanley raised shares of Veeva Systems from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $222.00 to $205.00 in a research report on Tuesday, February 17th. Barclays lowered their price target on shares of Veeva Systems from $305.00 to $250.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wells Fargo & Company reduced their price objective on shares of Veeva Systems from $341.00 to $333.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Veeva Systems in a research report on Friday, December 12th. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $293.71.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following the transaction, the insider directly owned 23,204 shares in the company, valued at $5,370,101.72. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.30% of the stock is owned by corporate insiders.

Veeva Systems Company Profile

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.