Peregrine Capital Management LLC Decreases Stock Holdings in Veeva Systems Inc. $VEEV

Posted by Brian Himes on Jul 1st, 2026

Peregrine Capital Management LLC trimmed its position in shares of Veeva Systems Inc. (NYSE:VEEV – Free Report) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,318 shares of the technology company’s stock after selling 13,638 shares during the period. Veeva Systems comprises 1.3% of Peregrine Capital Management LLC’s portfolio, making the stock its 15th largest position. Peregrine Capital Management LLC’s holdings in Veeva Systems were worth $36,417,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sivia Capital Partners LLC increased its holdings in Veeva Systems by 225.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock valued at $899,000 after purchasing an additional 2,164 shares during the period. Bank of Nova Scotia raised its position in Veeva Systems by 44.5% during the 2nd quarter. Bank of Nova Scotia now owns 5,866 shares of the technology company’s stock valued at $1,689,000 after purchasing an additional 1,806 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Veeva Systems by 34.6% in the 2nd quarter. NewEdge Advisors LLC now owns 8,832 shares of the technology company’s stock worth $2,543,000 after buying an additional 2,272 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Veeva Systems by 2.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 68,950 shares of the technology company’s stock worth $19,856,000 after buying an additional 1,452 shares during the period. Finally, Diversify Wealth Management LLC lifted its holdings in Veeva Systems by 5.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 11,399 shares of the technology company’s stock worth $3,140,000 after buying an additional 575 shares during the period. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Veeva Systems

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $155.64, for a total transaction of $116,730.00. Following the completion of the transaction, the director owned 3,253 shares of the company’s stock, valued at approximately $506,296.92. This trade represents a 18.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.60% of the company’s stock.

Analyst Ratings Changes

VEEV has been the topic of several research analyst reports. Barclays reduced their target price on Veeva Systems from $250.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Weiss Ratings lowered Veeva Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th. BTIG Research reiterated a “buy” rating and issued a $340.00 price target on shares of Veeva Systems in a report on Thursday, June 4th. BMO Capital Markets reduced their price objective on shares of Veeva Systems from $220.00 to $175.00 and set a “market perform” rating on the stock in a research report on Thursday, June 4th. Finally, Wells Fargo & Company upped their price objective on shares of Veeva Systems from $317.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $250.96.

Get Our Latest Research Report on VEEV

Veeva Systems Stock Performance

VEEV stock opened at $177.69 on Wednesday. Veeva Systems Inc. has a fifty-two week low of $148.05 and a fifty-two week high of $310.50. The company has a market capitalization of $28.86 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. The business’s 50 day moving average price is $164.13 and its two-hundred day moving average price is $185.30.

Veeva Systems (NYSE:VEEV – Get Free Report) last released its earnings results on Wednesday, June 3rd. The technology company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.10. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The company had revenue of $882.95 million during the quarter, compared to analysts’ expectations of $857.73 million. During the same quarter last year, the business posted $1.97 EPS. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. Sell-side analysts forecast that Veeva Systems Inc. will post 6.65 earnings per share for the current year.

About Veeva Systems

(Free Report)

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.