Gassner Peter P Disclosed New Veeva Systems Inc Position

February 14, 2018 - By Nellie Frank

 Gassner Peter P Disclosed New Veeva Systems Inc Position

Investors sentiment decreased to 1.63 in Q3 2017. Its down 0.13, from 1.76 in 2017Q2. It dropped, as 33 investors sold Veeva Systems Inc. shares while 78 reduced holdings. 51 funds opened positions while 130 raised stakes. 95.88 million shares or 1.09% more from 94.85 million shares in 2017Q2 were reported.

Sumitomo Mitsui holds 358,743 shares. Robeco Institutional Asset Mgmt Bv stated it has 0.03% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Gotham Asset Lc holds 181,483 shares or 0.15% of its portfolio. Thrivent Financial For Lutherans reported 205,250 shares stake. Wellington Group Llp has 3.98 million shares for 0.05% of their portfolio. Glenmede Comm Na reported 23,460 shares or 0.01% of all its holdings. Amer Century Companies Inc accumulated 0.02% or 425,052 shares. Pittenger & Anderson Inc stated it has 0% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Highbridge Cap Mgmt Limited Liability Com reported 6,685 shares stake. California State Teachers Retirement System stated it has 0.02% in Veeva Systems Inc. (NYSE:VEEV). Bamco Ny holds 0.01% in Veeva Systems Inc. (NYSE:VEEV) or 48,882 shares. Korea Inv Corporation reported 14,600 shares stake. Employees Retirement Sys Of Ohio holds 99,810 shares or 0.03% of its portfolio. Moreover, Castleark Mngmt Llc has 0.86% invested in Veeva Systems Inc. (NYSE:VEEV). Vantage Invest Advsr Ltd Limited Liability Company invested in 100 shares.

Since August 14, 2017, it had 0 insider buys, and 27 insider sales for $20.50 million activity. 3,000 shares were sold by CODD RONALD E F, worth $188,970. 931 Veeva Systems Inc. (NYSE:VEEV) shares with value of $54,687 were sold by Faddis Jonathan. 1,775 shares were sold by Lequient Frederic, worth $104,281 on Wednesday, September 6. Cabral Timothy S sold 23,699 shares worth $1.36 million. $1.39 million worth of stock was sold by Wallach Matthew J on Tuesday, January 9. $41,254 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by MATEO ALAN.

The New Gassner Peter P Holding in Veeva Systems Inc

Gassner Peter P reported SC 13G/A form with the SEC for Veeva Systems Inc. Access it here: 000156459018001968. As reported by Gassner Peter P, the filler owns 10.6% or 15,263,888 shares of the Information Technology–company.

Veeva Systems Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Gassner Peter P’s positive view for Veeva Systems Inc.

Veeva Systems Inc Institutional Sentiment

Filings show 151 investors own Veeva Systems Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 791041. 71409898 were owned by these investors. 20 funds opened new Veeva Systems Inc stakes, 70 increased positions. There were 26 that closed positions and 44 reduced them.

Glynn Capital Management Llc is an investor bullish on Veeva Systems Inc, owning 230470 shares as of Q3 2015 for 1.78% of its portfolio. Emerald Advisers Inc owns 903405 shares or 1.10% of its portfolio. CA Avalon Global Asset Management Llc have 2.43% of its portfolio for 144000 shares. Further, Emerald Mutual Fund Advisers Trust reported stake worth 1.30% of its portfolio. The CA Scge Management Lp owns 1400000 shares. Veeva Systems Inc is 5.30% of its portfolio.

Business Profile

Veeva Systems Inc. (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. The Company offers solutions to areas, including the Veeva CRM family of applications for multichannel customer relationship management to enable coordinated and personalized customer engagement through multiple touch points; Veeva Vault for regulated content management and information management solutions to enable the management of content-centric processes; the Veeva Network master data management solutions for the management of customer master and product master data, and Veeva’s data and data services offerings, including Veeva OpenData for customer reference data and Veeva KOL Data for data.

SEC Form 13G.

Analysts await Veeva Systems Inc. (NYSE:VEEV) to report earnings on February, 27. They expect $0.15 EPS, 0.00 % or $0.00 from last year’s $0.15 per share. VEEV’s profit will be $21.20 million for 94.83 P/E if the $0.15 EPS becomes a reality. After $0.15 actual EPS reported by Veeva Systems Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

The stock increased 0.32% or $0.18 during the last trading session, reaching $56.9. About 893,183 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 114.93% since February 14, 2017 and is uptrending. It has outperformed by 98.23% the S&P500.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company has market cap of $8.04 billion. The firm offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality. It has a 66.09 P/E ratio. It also provides Veeva Network master data management solutions for the management of customer master and product master data.

Veeva Systems Inc. (NYSE:VEEV) Ratings Coverage

Among 15 analysts covering Veeva Systems (NYSE:VEEV), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Veeva Systems has $75 highest and $24 lowest target. $49.33’s average target is -13.30% below currents $56.9 stock price. Veeva Systems had 46 analyst reports since August 28, 2015 according to SRatingsIntel. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, October 5 report. As per Tuesday, January 30, the company rating was upgraded by Morgan Stanley. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Market Outperform” rating given on Friday, December 16 by JMP Securities. Leerink Swann maintained the shares of VEEV in report on Wednesday, November 25 with “Market Perform” rating. KeyBanc Capital Markets maintained Veeva Systems Inc. (NYSE:VEEV) on Sunday, November 12 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, May 27 report. Canaccord Genuity maintained it with “Buy” rating and $48 target in Wednesday, November 23 report. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Market Perform” rating given on Wednesday, August 24 by Raymond James. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, November 23 report. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Buy” rating given on Friday, August 18 by Stifel Nicolaus.

More recent Veeva Systems Inc. (NYSE:VEEV) news were published by: Seekingalpha.com which released: “Veeva Systems: Strong Growth Potential” on March 31, 2017. Also Fool.com published the news titled: “Will 2018 Be Veeva Systems Inc.’s Best Year Yet?” on February 05, 2018. Seekingalpha.com‘s news article titled: “Morgan Stanley upgrades Veeva Systems to 19% upside” with publication date: January 30, 2018 was also an interesting one.

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