Veeva Systems (VEEV) Buy Rating Kept by Analysts at SunTrust Robinson; With $140 Target; Holderness Investments Company Has Boosted Microsoft (MSFT) Holding

Veeva Systems Inc. (NYSE:VEEV) Logo

Holderness Investments Company increased Microsoft Corp (MSFT) stake by 4.97% reported in 2018Q3 SEC filing. Holderness Investments Company acquired 2,916 shares as Microsoft Corp (MSFT)’s stock declined 1.64%. The Holderness Investments Company holds 61,642 shares with $7.05M value, up from 58,726 last quarter. Microsoft Corp now has $860.13B valuation. The stock decreased 0.22% or $0.25 during the last trading session, reaching $112.11. About 10.89M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 30.43% since February 27, 2018 and is uptrending. It has outperformed by 30.43% the S&P500. Some Historical MSFT News: 25/04/2018 – Microsoft Bond Trading 5x Average; Clients Net Sellers; 02/05/2018 – Savvius Appoints Former Microsoft Executive Colin Boone to Lead Sales in the Americas; 17/04/2018 – MSFT: #BREAKING: #SCOTUS dismisses the @Microsoft case as moot in light of the passage of the #CLOUD Act. – ! $MSFT; 08/05/2018 – Tony Romm: SCOOP: The White House will meet with AI execs from Amazon, Facebook, Google, Microsoft, Nvidia and other non; 16/05/2018 – Boston Scientific Announces Schedule of Presentations at EuroPCR 2018; 09/05/2018 – Esri ArcGIS Online Users Can Now Access ArcGIS Data in Microsoft Power BI; 26/04/2018 – Microsoft 3Q More Personal Computing Revenue $9.92B; 25/04/2018 – BancorpSouth Bank Declares Quarterly Dividend; 14/03/2018 – Genesys Fuels Advanced Omnichannel Routing with New Salesforce Integration; 30/05/2018 – Microsoft hosts ribbon-cutting ceremony for Microsoft Software & Systems Academy servicing the Jacksonville military community

New York: In an analyst report revealed to clients on Wednesday, 27 February, SunTrust Robinson reconfirmed their Buy rating on shares of Veeva Systems (NYSE:VEEV). They currently have a $140 target on the company. SunTrust Robinson’s target would suggest a potential upside of 20.38% from the company’s stock close price.

Since August 31, 2018, it had 0 buys, and 9 sales for $64.89 million activity. Shares for $4.06 million were sold by Hogan Kathleen T. 20,000 shares were sold by BROD FRANK H, worth $2.15M. $13.09M worth of Microsoft Corporation (NASDAQ:MSFT) was sold by Hood Amy. $432,000 worth of stock was sold by Capossela Christopher C on Thursday, December 6. Another trade for 267,466 shares valued at $28.35 million was sold by Nadella Satya.

Among 8 analysts covering Microsoft (NASDAQ:MSFT), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Microsoft had 11 analyst reports since September 7, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Monday, November 26 by Deutsche Bank. The firm has “Outperform” rating given on Friday, October 12 by Macquarie Research. Nomura maintained it with “Buy” rating and $115 target in Thursday, October 25 report. The rating was maintained by Citigroup on Thursday, October 25 with “Neutral”. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Overweight” rating given on Thursday, October 25 by KeyBanc Capital Markets. The stock has “Buy” rating by Morgan Stanley on Thursday, February 21. Nomura maintained Microsoft Corporation (NASDAQ:MSFT) on Thursday, January 31 with “Buy” rating. The rating was maintained by Barclays Capital with “Overweight” on Friday, September 7. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Wedbush on Monday, February 25. The firm has “Buy” rating by Wedbush given on Thursday, November 29.

Investors sentiment decreased to 0.81 in 2018 Q3. Its down 0.03, from 0.84 in 2018Q2. It dived, as 33 investors sold MSFT shares while 981 reduced holdings. 145 funds opened positions while 681 raised stakes. 5.28 billion shares or 0.60% less from 5.31 billion shares in 2018Q2 were reported. Mitchell Sinkler And Starr Pa invested in 1.73% or 14,500 shares. Family Firm reported 0.19% stake. James Invest Rech Incorporated has invested 0% in Microsoft Corporation (NASDAQ:MSFT). Dixon Hubard Feinour And Brown Incorporated Va reported 104,322 shares. Arrow Fincl Corp owns 120,291 shares for 2.89% of their portfolio. Alyeska Gp Ltd Partnership holds 0.87% or 642,355 shares in its portfolio. Dekabank Deutsche Girozentrale owns 4.51 million shares. Loring Wolcott And Coolidge Fiduciary Advsrs Limited Liability Partnership Ma stated it has 3.2% in Microsoft Corporation (NASDAQ:MSFT). Community Bancorp Na owns 70,340 shares for 1.58% of their portfolio. First Commonwealth Pa holds 22,552 shares or 1.71% of its portfolio. State Of Wisconsin Inv Board holds 2.8% or 8.86M shares in its portfolio. Citigroup has 5.68 million shares for 0.58% of their portfolio. Moreover, First Fincl Bank Of Hutchinson has 0.54% invested in Microsoft Corporation (NASDAQ:MSFT). Inv Mgmt Of Virginia Limited Com owns 52,133 shares or 1.26% of their US portfolio. Muhlenkamp & Co holds 7.93% or 162,102 shares.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Nasdaq.com which released: “Buy Microsoft as MSFT Stock Climbs Near High On Augmented Reality Push? – Nasdaq” on February 26, 2019, also Nasdaq.com with their article: “Microsoft’s (MSFT) HoloLens 2 Steals the Show at MWC 2019 – Nasdaq” published on February 26, 2019, Nasdaq.com published: “Microsoft Corporation (MSFT) Ex-Dividend Date Scheduled for February 20, 2019 – Nasdaq” on February 19, 2019. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Nasdaq.com and their article: “Microsoft (MSFT) 2nd Quarter Earnings: What to Expect – Nasdaq” published on January 30, 2019 as well as Nasdaq.com‘s news article titled: “Microsoft (MSFT) Extends AccountGuard Access Across Europe – Nasdaq” with publication date: February 21, 2019.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company has market cap of $16.90 billion. The firm offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality. It has a 95.25 P/E ratio. It also provides Veeva Network master data management solutions for the management of customer master and product master data.

The stock decreased 2.86% or $3.42 during the last trading session, reaching $116.3. About 1.89 million shares traded or 28.18% up from the average. Veeva Systems Inc. (NYSE:VEEV) has risen 62.15% since February 27, 2018 and is uptrending. It has outperformed by 62.15% the S&P500.

Among 8 analysts covering Veeva Systems (NYSE:VEEV), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Veeva Systems has $130 highest and $109 lowest target. $117.14’s average target is 0.72% above currents $116.3 stock price. Veeva Systems had 10 analyst reports since October 1, 2018 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, November 29 report. Bank of America maintained the shares of VEEV in report on Friday, October 5 with “Buy” rating. KeyBanc Capital Markets maintained Veeva Systems Inc. (NYSE:VEEV) on Thursday, November 29 with “Overweight” rating. On Tuesday, October 23 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Overweight” rating by Morgan Stanley given on Monday, February 25. Canaccord Genuity downgraded Veeva Systems Inc. (NYSE:VEEV) on Monday, October 1 to “Hold” rating. Stifel Nicolaus maintained it with “Buy” rating and $110 target in Friday, October 5 report.

Investors sentiment decreased to 1.48 in 2018 Q3. Its down 0.31, from 1.79 in 2018Q2. It dived, as 20 investors sold Veeva Systems Inc. shares while 116 reduced holdings. 75 funds opened positions while 126 raised stakes. 104.55 million shares or 0.67% more from 103.85 million shares in 2018Q2 were reported. 747,649 were accumulated by Northern Trust Corp. San Francisco Sentry Gru (Ca) invested 0% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). State Of Wisconsin Inv Board invested in 147,641 shares. Regions Corporation stated it has 309 shares. Alps Advisors owns 5,302 shares for 0% of their portfolio. Dnb Asset As holds 11,000 shares. Victory Capital Management Incorporated owns 354,483 shares. Price T Rowe Assocs Md has invested 0.02% in Veeva Systems Inc. (NYSE:VEEV). Signaturefd Limited Liability Corp holds 0.01% or 1,000 shares in its portfolio. Planning Advisors Ltd Liability Com has invested 0.35% in Veeva Systems Inc. (NYSE:VEEV). Trexquant Investment L P invested 0.15% in Veeva Systems Inc. (NYSE:VEEV). Element Cap Mngmt Ltd holds 0.03% or 13,645 shares. Advisory accumulated 4,005 shares. Acadian Asset Management Ltd Liability Com holds 0.16% or 347,435 shares in its portfolio. 15,762 are held by Creative Planning.

More notable recent Veeva Systems Inc. (NYSE:VEEV) news were published by: which released: “Veeva Systems (NYSE:VEEV) – Q4 Earnings Preview For Veeva Systems – Benzinga” on February 26, 2019, also Fool.com with their article: “Better Buy: Veeva Systems vs. Cerner – Motley Fool” published on January 30, 2019, Fool.com published: “3 Reasons Twilio Could Tumble in 2019 – The Motley Fool” on February 14, 2019. More interesting news about Veeva Systems Inc. (NYSE:VEEV) were released by: Businesswire.com and their article: “Veeva to Release Fiscal 2019 Fourth Quarter and Full Year Results on February 26, 2019 – Business Wire” published on February 05, 2019 as well as Seekingalpha.com‘s news article titled: “Analysts raise Veeva targets after earnings – Seeking Alpha” with publication date: November 29, 2018.

Since September 1, 2018, it had 0 insider purchases, and 33 sales for $32.74 million activity. Shares for $1.22M were sold by Wallach Matthew J. Shares for $590,137 were sold by SEKHRI PAUL J on Monday, December 3. Another trade for 555 shares valued at $57,454 was made by MATEO ALAN on Saturday, September 1. $129,711 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by Zuppas Eleni Nitsa. 25,000 shares were sold by Cabral Timothy S, worth $2.58M on Wednesday, September 12. 727 Veeva Systems Inc. (NYSE:VEEV) shares with value of $76,335 were sold by BARABE TIMOTHY C. Faddis Jonathan sold 612 shares worth $63,354.

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