Nordea Investment Management AB Raises Position in Veeva Systems Inc. $VEEV

Nordea Investment Management AB increased its holdings in Veeva Systems Inc. (NYSE:VEEV) by 9.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 391,273 shares of the technology company’s stock after buying an additional 33,378 shares during the period. Nordea Investment Management AB’s holdings in Veeva Systems were worth $110,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VEEV. GAMMA Investing LLC raised its position in shares of Veeva Systems by 13.8% in the first quarter. GAMMA Investing LLC now owns 1,823 shares of the technology company’s stock worth $422,000 after buying an additional 221 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Veeva Systems in the first quarter worth $5,876,000. Sowell Financial Services LLC purchased a new stake in shares of Veeva Systems in the first quarter worth $274,000. Premier Path Wealth Partners LLC raised its position in shares of Veeva Systems by 11.6% in the first quarter. Premier Path Wealth Partners LLC now owns 1,702 shares of the technology company’s stock worth $394,000 after buying an additional 177 shares in the last quarter. Finally, Trifecta Capital Advisors LLC purchased a new stake in shares of Veeva Systems in the first quarter worth $69,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Insider Transactions at Veeva Systems

In other news, insider Thomas D. Schwenger sold 3,350 shares of Veeva Systems stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value of $1,005,134.00. Following the transaction, the insider owned 23,773 shares in the company, valued at approximately $7,132,850.92. The trade was a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of Veeva Systems stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total value of $1,839,720.00. Following the completion of the transaction, the insider owned 25,325 shares in the company, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,665 shares of company stock worth $7,438,000. Company insiders own 10.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VEEV shares. BTIG Research reiterated a “buy” rating and issued a $340.00 price objective on shares of Veeva Systems in a research report on Friday. Wells Fargo & Company raised their price target on Veeva Systems from $300.00 to $326.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Evercore ISI raised their price target on Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a research report on Thursday, August 28th. Stifel Nicolaus raised their price target on Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Oppenheimer restated an “outperform” rating and set a $325.00 price target on shares of Veeva Systems in a research report on Thursday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $307.58.

Veeva Systems Trading Down 3.0%

VEEV opened at $283.96 on Friday. The company has a market cap of $46.54 billion, a P/E ratio of 58.31, a P/E/G ratio of 2.26 and a beta of 0.98. The business’s 50-day moving average price is $283.44 and its 200-day moving average price is $266.73. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.64). The company had revenue of $789.08 million during the quarter, compared to analysts’ expectations of $768.49 million. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 EPS. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Equities research analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Veeva Systems 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.