1,410 Shares in Veeva Systems Inc. (NYSE:VEEV) Purchased by Clare Market Investments LLC

Clare Market Investments LLC purchased a new position in Veeva Systems Inc. (NYSE:VEEV) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,410 shares of the technology company’s stock, valued at approximately $296,000.

Other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in Veeva Systems by 72.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company’s stock worth $25,000 after buying an additional 50 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in Veeva Systems in the 4th quarter worth about $25,000. Smithfield Trust Co raised its position in Veeva Systems by 145.5% in the 4th quarter. Smithfield Trust Co now owns 135 shares of the technology company’s stock worth $27,000 after buying an additional 80 shares during the last quarter. True Wealth Design LLC raised its position in Veeva Systems by 3,375.0% in the 3rd quarter. True Wealth Design LLC now owns 139 shares of the technology company’s stock worth $29,000 after buying an additional 135 shares during the last quarter. Finally, Avion Wealth raised its position in Veeva Systems by 635.0% in the 4th quarter. Avion Wealth now owns 147 shares of the technology company’s stock worth $30,000 after buying an additional 127 shares during the last quarter. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Trading Down 3.0 %

NYSE VEEV opened at $239.38 on Tuesday. Veeva Systems Inc. has a 12 month low of $170.25 and a 12 month high of $258.93. The stock has a market cap of $38.86 billion, a price-to-earnings ratio of 59.11, a PEG ratio of 1.89 and a beta of 0.88. The company’s 50 day moving average is $225.47 and its two-hundred day moving average is $220.64.

Wall Street Analysts Forecast Growth

VEEV has been the subject of a number of recent analyst reports. Evercore ISI boosted their target price on Veeva Systems from $220.00 to $245.00 and gave the stock an “in-line” rating in a research report on Friday, December 6th. Barclays boosted their target price on Veeva Systems from $260.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Scotiabank boosted their target price on Veeva Systems from $240.00 to $245.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 6th. Wells Fargo & Company increased their price objective on shares of Veeva Systems from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Canaccord Genuity Group increased their price objective on shares of Veeva Systems from $210.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $255.28.

Veeva Systems Company 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.