Westfield Capital Management Co. LP Reduces Stock Holdings in Veeva Systems Inc. $VEEV

Westfield Capital Management Co. LP lowered its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 3.9% during the third quarter, Holdings Channel reports. The firm owned 217,754 shares of the technology company’s stock after selling 8,815 shares during the period. Westfield Capital Management Co. LP’s holdings in Veeva Systems were worth $64,871,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Intech Investment Management LLC lifted its position in Veeva Systems by 37.8% in the third quarter. Intech Investment Management LLC now owns 57,029 shares of the technology company’s stock valued at $16,990,000 after acquiring an additional 15,634 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Veeva Systems during the third quarter worth about $411,000. MAI Capital Management increased its position in shares of Veeva Systems by 193.6% during the third quarter. MAI Capital Management now owns 3,444 shares of the technology company’s stock worth $1,026,000 after purchasing an additional 2,271 shares in the last quarter. Waddell & Associates LLC lifted its holdings in shares of Veeva Systems by 90.3% in the 3rd quarter. Waddell & Associates LLC now owns 1,987 shares of the technology company’s stock valued at $592,000 after purchasing an additional 943 shares during the last quarter. Finally, Patten Group Inc. boosted its position in shares of Veeva Systems by 9.6% in the 3rd quarter. Patten Group Inc. now owns 7,686 shares of the technology company’s stock valued at $2,290,000 after purchasing an additional 676 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Trending Headlines about Veeva Systems

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

• Positive Sentiment: Sector relief from Nvidia comments — Nvidia CEO Jensen Huang dismissed fears that AI will cannibalize enterprise software, lifting software names including Veev as investors rotated back into high‑quality SaaS names. Veeva Systems, Upstart, Paycom, Commvault, and Agilysys Shares Skyrocket, What You Need To Know
• Positive Sentiment: New product launch — Veeva rolled out “eSource” to streamline clinical trial data capture, which can deepen its clinical cloud footprint and support recurring software revenue. Veeva Systems Inc. (VEEV) Launches eSource to Streamline Clinical Trial Data
• Positive Sentiment: Buyback and estimates in focus — renewed investor attention on a US$2B share buyback and upward estimate revisions ahead of earnings supported valuation debates and likely bolstered demand into the print. A Look At Veeva Systems (VEEV) Valuation As Buyback And Earnings Expectations Renew Investor Focus
• Neutral Sentiment: Trending / interest pieces — Veeva has been a trending ticker on sites like Zacks as retail and institutional attention increases; these stories summarize fundamentals and risks but don’t provide new catalysts. Veeva Systems Inc. (VEEV) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Other market context — wider coverage of software and AI plays (e.g., Navan) is keeping sector flows volatile; useful for context but not directly about Veev. Navan Stock Down 60% From $25 IPO, but This $274 Million Stake Signals Conviction
• Negative Sentiment: Analyst caution — Barclays issued a pessimistic forecast for Veev, adding downward pressure through media coverage and investor attention to downside risk. Barclays Issues Pessimistic Forecast for Veeva Systems (NYSE:VEEV) Stock Price
• Negative Sentiment: Price target cuts from brokers — Stifel cut its target (from $320 to $212) and Oppenheimer trimmed its target to $275, creating headline risk despite maintained positive/overweight stances in some cases.
• Negative Sentiment: Rising short interest — short positions jumped ~26% in February (to ~6.33M shares, ~4.3% of float), increasing potential selling pressure and volatility ahead of the quarter.

Veeva Systems Price Performance

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

Veeva Systems declared that its Board of Directors has initiated a share buyback plan on Monday, January 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the technology company to reacquire up to 5.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have commented on VEEV shares. Oppenheimer cut their price target on Veeva Systems from $325.00 to $275.00 and set an “outperform” rating on the stock in a research report on Tuesday. Robert W. Baird increased their price objective on Veeva Systems from $314.00 to $319.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of Veeva Systems in a report on Monday, November 24th. Barclays reduced their price target on shares of Veeva Systems from $305.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Wall Street Zen cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Eighteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $293.71.

Insider Buying and Selling

In other news, insider Thomas D. Schwenger sold 1,000 shares of the firm’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 completion of the sale, the insider owned 23,204 shares in the company, valued at approximately $5,370,101.72. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.30% of the company’s stock.

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.