Veeva Systems Inc. $VEEV Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 4.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,913 shares of the technology company’s stock after buying an additional 5,496 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of Veeva Systems worth $42,575,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC raised its position in shares of Veeva Systems by 196.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock worth $25,000 after acquiring an additional 55 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Veeva Systems during the 3rd quarter valued at about $28,000. OLD Second National Bank of Aurora purchased a new position in shares of Veeva Systems in the 3rd quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new position in Veeva Systems in the 2nd quarter worth about $32,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Veeva Systems by 58.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock worth $38,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Insider Activity at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the transaction, the insider directly owned 23,204 shares in the company, valued at approximately $5,370,101.72. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.30% of the stock is owned by company insiders.

Veeva Systems Stock Performance

NYSE VEEV opened at $181.69 on Friday. The business has a fifty day moving average price of $206.88 and a 200 day moving average price of $250.34. The company has a market cap of $29.87 billion, a P/E ratio of 35.35, a P/E/G ratio of 1.26 and a beta of 1.08. Veeva Systems Inc. has a one year low of $168.13 and a one year high of $310.50.

Veeva Systems announced that its board has initiated a share repurchase plan on Monday, January 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 5.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Veeva Systems from $341.00 to $333.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Needham & Company LLC reissued a “buy” rating and issued a $355.00 price target on shares of Veeva Systems in a research note on Friday, November 21st. Barclays cut their price target on shares of Veeva Systems from $305.00 to $250.00 and set an “overweight” rating for the company in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and set a $330.00 price objective on shares of Veeva Systems in a research report on Monday, November 24th. Finally, BMO Capital Markets assumed coverage on shares of Veeva Systems in a research report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 target price on the stock. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Veeva Systems currently has an average rating of “Moderate Buy” and an average price target of $293.71.

Key Headlines Impacting Veeva Systems

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

• Positive Sentiment: Veeva announced eSource, a product to streamline clinical-trial data capture and workflows — a strategic product that could accelerate adoption among pharma clients and support future subscription/solutions revenue growth. Veeva eSource launch
• Positive Sentiment: A broader software bounce after comments from Nvidia’s CEO easing AI cannibalization fears lifted enterprise software stocks, giving Veeva an intra-day boost as investors rotated back into high-quality SaaS names. Sector bounce after Nvidia comments
• Positive Sentiment: Investor attention has refocused on a recently approved ~$2B share buyback and upward estimate revisions ahead of the quarter — both factors that can support valuation and near-term shareholder returns. Valuation, buyback and estimate revisions
• Neutral Sentiment: Analysis pieces digging into Q4 (fiscal) metrics and Wall Street expectations provide detail that could amplify volatility around the upcoming earnings release — useful for investors but neutral until results arrive. Zacks Q4 projections
• Neutral Sentiment: Veeva is a trending search topic and several “what to know” roundups are circulating — they increase visibility but are informational rather than directional. Zacks trending stock note
• Negative Sentiment: Barclays issued a pessimistic forecast for Veeva, which is weighing on investor sentiment and can mechanically pressure the stock and investor expectations. Barclays bearish forecast
• Negative Sentiment: Stifel Nicolaus sharply cut its price target (from $320 to $212) while keeping a buy rating — the large reduction signals lower upside expectations and likely contributed to selling pressure. Stifel price-target cut
• Negative Sentiment: Oppenheimer trimmed its price target to $275, another analyst hit that reduces headline upside and can sap momentum ahead of earnings. Oppenheimer price-target cut
• Negative Sentiment: Short interest rose about 26% in early February to ~6.33M shares (4.3% of float), increasing the potential for downward pressure and volatility if bearish sentiment persists.

Veeva Systems 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.