Filing Worth Mentioning: Price T Rowe Associates Inc Just Opened Huge Veeva Systems Inc Position

Filing Worth Mentioning: Price T Rowe Associates Inc  Just Opened Huge Veeva Systems Inc Position

The New Price T Rowe Associates Inc Holding in Veeva Systems Inc

Price T Rowe Associates Inc filed with the SEC SC 13G/A form for Veeva Systems Inc. The form can be accessed here: 000008025516001335. As reported in Price T Rowe Associates Inc ’s form, the filler as of late owns 7.4% or 7,563,011 shares of the Information Technology–company.

Veeva Systems Inc stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2016. We feel this shows Price T Rowe Associates Inc ’s positive view for the stock. For a institutional investor managing $689.00 billion in assets and having 2216+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Veeva Systems Inc Institutional Sentiment

Latest Security and Exchange filings show 151 investors own Veeva Systems Inc. The institutional ownership in Q3 2015 is high, at 70.56% of the outstanding shares. This is decreased by 791041 the total institutional shares. 71409898 were the shares owned by these institutional investors. In total 20 funds opened new Veeva Systems Inc stakes, 70 increased stakes. There were 26 that closed positions and 44 reduced them.

Glynn Capital Management Llc is an institutional 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 their stock portfolio for 144000 shares. Further, Emerald Mutual Fund Advisers Trust reported stake worth 1.30% of its US stock portfolio. The CA Scge Management Lp owns 1400000 shares. Veeva Systems Inc is 5.30% of the manager’s US 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 is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Price T Rowe Associates Inc website.

Insitutional Activity: The institutional sentiment increased to 1.79 in 2016 Q2. Its up 0.61, from 1.18 in 2016Q1. The ratio increased, as 18 funds sold all Veeva Systems Inc shares owned while 50 reduced positions. 48 funds bought stakes while 74 increased positions. They now own 92.06 million shares or 3.74% more from 88.74 million shares in 2016Q1.

The Connecticut-based Paloma Prtnrs has invested 0.02% in Veeva Systems Inc (NYSE:VEEV). Price T Rowe Assoc Md has invested 0.07% of its portfolio in Veeva Systems Inc (NYSE:VEEV). The Maryland-based Calvert Investment Management Inc has invested 0.01% in Veeva Systems Inc (NYSE:VEEV). The New Mexico-based Hanseatic Management Incorporated has invested 1% in Veeva Systems Inc (NYSE:VEEV). Ladenburg Thalmann Serv Incorporated reported 4,483 shares or 0% of all its holdings. Finemark National Bank And Tru holds 0.01% or 3,060 shares in its portfolio. Goldman Sachs Grp accumulated 2.53 million shares or 0.03% of the stock. Avalon Glob Asset Mgmt Ltd Com has 2.17% invested in the company for 110,000 shares. California Employees Retirement Sys has 0.01% invested in the company for 108,500 shares. Blackrock Institutional Trust Na holds 2.39M shares or 0.01% of its portfolio. M&T National Bank & Trust accumulated 0% or 7,253 shares. Raymond James And Assocs holds 0% or 41,008 shares in its portfolio. Pembroke Mgmt Limited last reported 196,800 shares in the company. Lpl Fincl Limited Com holds 0% or 6,300 shares in its portfolio. Trexquant Inv Lp has 0.05% invested in the company for 10,288 shares.

Insider Transactions: Since April 12, 2016, the stock had 0 insider buys, and 33 sales for $34.44 million net activity. $1.46M worth of Veeva Systems Inc (NYSE:VEEV) was sold by Cabral Timothy S. On Wednesday, May 4 the insider Faddis Jonathan sold $13,630. Armenante Mark sold 150,000 shares worth $3.84 million. On Thursday, August 4 the insider Wallach Matthew J sold $3.17 million. Ritter Gordon sold $150,313 worth of stock or 5,600 shares. Lequient Frederic also sold $57,066 worth of Veeva Systems Inc (NYSE:VEEV) shares. Shares for $37,949 were sold by Zuppas Eleni Nitsa on Thursday, September 1.

About 218,089 shares traded hands. Veeva Systems Inc (NYSE:VEEV) has risen 46.41% since March 8, 2016 and is uptrending. It has outperformed by 37.10% the S&P500.

Veeva Systems Inc. is a provider of cloud software solutions for the global life sciences industry. The company has a market cap of $5.20 billion. The Firm 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. It has a 98.14 P/E ratio.

Veeva Systems Inc (NYSE:VEEV) Ratings Coverage

Out of 12 analysts covering Veeva Systems (NYSE:VEEV), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. $45 is the highest target while $24 is the lowest. The $36.30 average target is -4.47% below today’s ($38) stock price. Veeva Systems has been the topic of 23 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by JP Morgan on Friday, May 27. On Wednesday, August 24 the stock rating was initiated by Raymond James with “Market Perform”. The stock of Veeva Systems Inc (NYSE:VEEV) earned “Neutral” rating by Citigroup on Tuesday, August 23. The rating was initiated by Citigroup with “Neutral” on Friday, October 30. Stifel Nicolaus maintained the shares of VEEV in a report on Friday, May 27 with “Buy” rating. Stifel Nicolaus maintained the shares of VEEV in a report on Wednesday, August 31 with “Buy” rating. As per Wednesday, August 31, the company rating was maintained by Needham. The stock of Veeva Systems Inc (NYSE:VEEV) has “Market Perform” rating given on Wednesday, November 25 by Leerink Swann. Citigroup maintained the shares of VEEV in a report on Friday, May 27 with “Neutral” rating. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, November 25.

More notable recent Veeva Systems Inc (NYSE:VEEV) news were published by: Fool.com which released: “Veeva Systems Inc. Spoils Shareholders Once Again With a Great Quarter” on August 31, 2016, also Fool.com with their article: “Veeva Systems Inc Is Just Getting Started” published on May 31, 2016, Fool.com published: “Can Veeva Systems Inc. Keep Its Impressive Streak Going?” on August 26, 2016. More interesting news about Veeva Systems Inc (NYSE:VEEV) were released by: Seekingalpha.com and their article: “Veeva Systems: Still Some Upside, But Maybe Not Yet” published on October 07, 2016 as well as Fool.com‘s news article titled: “3 Categories to Watch When Veeva Systems Inc Reports Earnings” with publication date: May 26, 2016.

According to Zacks Investment Research, “Veeva Systems Inc. operates as a provider of industry-specific, cloud-based software solutions for the life sciences industry. It offers enterprise applications, a multichannel platform, customer relationship management, and content management solutions. The Company provides its solutions to pharmaceutical, animal health, and biotechnology companies. Veeva Systems Inc. is headquartered in Pleasanton, California.”

VEEV Company Profile

Veeva Systems Inc. (Veeva), incorporated on January 12, 2007, is a well-known provider of cloud software solutions for the global life sciences industry. The Firm 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 Firm 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment