Davidson Capital Management Inc . Increases Stake in Veeva Systems Inc . ( NYSE : VEEV )

Davidson Capital Management Inc. significantly increased its holdings in Veeva Systems Inc. by 52.2% during the second quarter, owning 17,355 shares after purchasing an additional 5,949 shares. Veeva Systems represents about 1.0% of the fund s portfolio, making it the 28th largest holding. The value of Davidson Capital Management s investment in Veeva Systems stood at $3,176,000 at the end of the quarter. Other hedge funds also adjusted their positions in Veeva Systems. Advisors Asset Management Inc. acquired shares worth $28,000 in the first quarter, while DSM Capital Partners LLC and First Financial Corp IN each made new investments valued at $29,000 and $35,000, respectively. Larson Financial Group LLC saw a 1,153.8% increase in its holdings, owning 163 shares worth $38,000 after purchasing 150 more shares in the first quarter. Vermillion & White Wealth Management Group LLC invested $32,000 in Veeva Systems in the fourth quarter. Institutional investors and hedge funds hold 88.20% of Veeva Systems stock, with company insiders owning 10.50%. The stock opened at $214.42 on Friday, with a 52-week low of $162.72 and a high of $236.90. Veeva Systems has a market cap of $34.72 billion, a price-to-earnings ratio of 63.25, a beta of 0.81, and a price-to-earnings-growth ratio of 2.12. Insider activity at Veeva Systems includes SVP Jonathan Faddis selling 2,353 shares at an average price of $200.00, totaling $470,600.00. The sale left him with 9,035 shares, valued at approximately $1,

Source: etfdailynews.com
Published on 2024-09-20

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