As Veeva Sys (VEEV) Share Value Rose, Hbk Investments LP Lowered Its Position; As Novo (NVO) Shares Declined, Alta Capital Management Lowered Holding by $704,052

April 17, 2018 - By Nellie Frank

Veeva Systems Inc. (NYSE:VEEV) Logo

Alta Capital Management Llc decreased its stake in Novo (NVO) by 1.54% based on its latest 2017Q4 regulatory filing with the SEC. Alta Capital Management Llc sold 13,284 shares as the company’s stock declined 9.08% with the market. The institutional investor held 851,606 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $45.71 million, down from 864,890 at the end of the previous reported quarter. Alta Capital Management Llc who had been investing in Novo for a number of months, seems to be less bullish one the $118.59 billion market cap company. The stock decreased 0.08% or $0.04 during the last trading session, reaching $49.11. About 1.03 million shares traded. Novo Nordisk A/S (NYSE:NVO) has risen 42.07% since April 17, 2017 and is uptrending. It has outperformed by 30.52% the S&P500.

David Costen Haley decreased its stake in Veeva Sys Inc (VEEV) by 88.45% based on its latest 2017Q4 regulatory filing with the SEC. Hbk Investments LP sold 39,519 shares as the company’s stock rose 29.86% while stock markets declined. The hedge fund run by David Costen Haley held 5,159 shares of the prepackaged software company at the end of 2017Q4, valued at $285,000, down from 44,678 at the end of the previous reported quarter. Hbk Investments LP who had been investing in Veeva Sys Inc for a number of months, seems to be less bullish one the $10.23B market cap company. The stock decreased 0.26% or $0.19 during the last trading session, reaching $71.87. About 778,837 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 42.88% since April 17, 2017 and is uptrending. It has outperformed by 31.33% the S&P500.

Among 16 analysts covering Veeva Systems (NYSE:VEEV), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Veeva Systems had 54 analyst reports since August 28, 2015 according to SRatingsIntel. The company was initiated on Friday, June 17 by Bank of America. On Friday, March 2 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The firm earned “Buy” rating on Wednesday, August 31 by Stifel Nicolaus. J.P. Morgan downgraded it to “Hold” rating and $77.0 target in Friday, March 9 report. Leerink Swann maintained Veeva Systems Inc. (NYSE:VEEV) rating on Wednesday, November 25. Leerink Swann has “Market Perform” rating and $29 target. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, February 28 report. The firm has “Buy” rating by Canaccord Genuity given on Friday, April 13. The company was initiated on Tuesday, October 4 by Goldman Sachs. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Equal-Weight” rating given on Monday, June 5 by Morgan Stanley. Morgan Stanley maintained it with “Overweight” rating and $30 target in Wednesday, March 2 report.

Hbk Investments L P, which manages about $18.41 billion and $10.67B US Long portfolio, upped its stake in Altaba Inc by 750,000 shares to 15.92M shares, valued at $1.11B in 2017Q4, according to the filing. It also increased its holding in Viavi Solutions Inc by 86,130 shares in the quarter, for a total of 234,030 shares, and has risen its stake in New Oriental Ed & Tech Grp I (NYSE:EDU).

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.57, from 1.63 in 2017Q3. It fall, as 51 investors sold VEEV shares while 91 reduced holdings. 54 funds opened positions while 96 raised stakes. 98.12 million shares or 2.33% more from 95.88 million shares in 2017Q3 were reported. Pittenger Anderson has invested 0% in Veeva Systems Inc. (NYSE:VEEV). Vantage Advsrs Limited Liability has 100 shares for 0% of their portfolio. Essex Inv Management Ltd Llc accumulated 0.18% or 25,327 shares. Trexquant Investment Limited Partnership accumulated 0.13% or 20,744 shares. The Ohio-based Winfield has invested 0% in Veeva Systems Inc. (NYSE:VEEV). State Of Alaska Department Of Revenue reported 8,000 shares stake. Ubs Asset Management Americas Inc holds 0.01% or 286,494 shares in its portfolio. 140,511 are owned by Panagora Asset Mngmt Inc. Arcadia Invest Mi has invested 0.02% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Glenmede Company Na holds 0% or 20,660 shares. Northern Trust Corp reported 710,981 shares. Metropolitan Life New York stated it has 8,108 shares. Ranger Investment Management Limited Partnership has 73 shares for 0% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 35,496 shares. Kbc Gp Nv holds 0.01% of its portfolio in Veeva Systems Inc. (NYSE:VEEV) for 11,619 shares.

Since October 18, 2017, it had 0 buys, and 20 sales for $18.64 million activity. 24,000 shares valued at $1.39M were sold by Wallach Matthew J on Tuesday, January 9. $114,140 worth of stock was sold by CODD RONALD E F on Friday, January 5. The insider Ritter Gordon sold $590,909. $300,430 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by SEKHRI PAUL J. $1.91M worth of stock was sold by Cabral Timothy S on Wednesday, March 14. $47,018 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by Faddis Jonathan.

Analysts await Veeva Systems Inc. (NYSE:VEEV) to report earnings on May, 24. They expect $0.23 EPS, up 64.29% or $0.09 from last year’s $0.14 per share. VEEV’s profit will be $32.75 million for 78.12 P/E if the $0.23 EPS becomes a reality. After $0.17 actual EPS reported by Veeva Systems Inc. for the previous quarter, Wall Street now forecasts 35.29% EPS growth.

Alta Capital Management Llc, which manages about $1.48B and $1.59B US Long portfolio, upped its stake in Priceline Group (NASDAQ:PCLN) by 4,348 shares to 43,537 shares, valued at $75.66 million in 2017Q4, according to the filing. It also increased its holding in Expedia Inc (NASDAQ:EXPE) by 176,393 shares in the quarter, for a total of 178,117 shares, and has risen its stake in Cvs Health Corp (NYSE:CVS).

Among 15 analysts covering Novo Nordisk (ADR) (NYSE:NVO), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Novo Nordisk (ADR) had 21 analyst reports since August 28, 2015 according to SRatingsIntel. The rating was maintained by Goldman Sachs with “Buy” on Friday, January 19. The firm has “Neutral” rating given on Friday, September 23 by Piper Jaffray. The company was upgraded on Tuesday, December 6 by UBS. The stock has “Market Perform” rating by Leerink Swann on Friday, August 28. The firm has “Hold” rating given on Monday, October 31 by DNB Markets. The stock of Novo Nordisk A/S (NYSE:NVO) has “Buy” rating given on Wednesday, December 6 by Bank of America. On Friday, December 29 the stock rating was upgraded by J.P. Morgan to “Hold”. As per Monday, October 31, the company rating was downgraded by Citigroup. On Friday, December 1 the stock rating was upgraded by Morgan Stanley to “Overweight”. HSBC upgraded the stock to “Hold” rating in Wednesday, August 31 report.

Analysts await Novo Nordisk A/S (NYSE:NVO) to report earnings on May, 2. They expect $0.69 EPS, up 18.97% or $0.11 from last year’s $0.58 per share. NVO’s profit will be $1.67B for 17.79 P/E if the $0.69 EPS becomes a reality. After $0.53 actual EPS reported by Novo Nordisk A/S for the previous quarter, Wall Street now forecasts 30.19% EPS growth.

Veeva Systems Inc. (NYSE:VEEV) Institutional Positions Chart

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