As Veeva Systems (VEEV) Stock Rose, Glynn Capital Management Raised Its Holding; Peoples Bancorp (PEBO) Shareholder Pl Capital Advisors Decreased Holding

January 13, 2018 - By Marie Mckinney

Glynn Capital Management Llc increased its stake in Veeva Systems (VEEV) by 102.13% based on its latest 2017Q3 regulatory filing with the SEC. Glynn Capital Management Llc bought 164,056 shares as the company’s stock rose 37.51% with the market. The hedge fund held 324,692 shares of the prepackaged software company at the end of 2017Q3, valued at $18.32M, up from 160,636 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Veeva Systems for a number of months, seems to be bullish on the $8.33 billion market cap company. The stock increased 0.53% or $0.31 during the last trading session, reaching $58.37. About 732,317 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 114.93% since January 13, 2017 and is uptrending. It has outperformed by 98.23% the S&P500.

Pl Capital Advisors Llc decreased its stake in Peoples Bancorp (PEBO) by 4.49% based on its latest 2017Q3 regulatory filing with the SEC. Pl Capital Advisors Llc sold 26,542 shares as the company’s stock declined 6.45% while stock markets rallied. The institutional investor held 565,179 shares of the major banks company at the end of 2017Q3, valued at $18.98M, down from 591,721 at the end of the previous reported quarter. Pl Capital Advisors Llc who had been investing in Peoples Bancorp for a number of months, seems to be less bullish one the $629.78 million market cap company. The stock increased 0.97% or $0.33 during the last trading session, reaching $34.45. About 30,946 shares traded. Peoples Bancorp Inc. (NASDAQ:PEBO) has risen 47.34% since January 13, 2017 and is uptrending. It has outperformed by 30.64% the S&P500.

Glynn Capital Management Llc, which manages about $659.77 million and $398.38 million US Long portfolio, decreased its stake in Alphabet Inc. Class C by 1,187 shares to 1,433 shares, valued at $1.37 million in 2017Q3, according to the filing. It also reduced its holding in Splunk Inc. (NASDAQ:SPLK) by 27,423 shares in the quarter, leaving it with 315,177 shares, and cut its stake in Facebook Inc. (NASDAQ:FB).

Since August 7, 2017, it had 0 insider buys, and 29 insider sales for $22.37 million activity. Cabral Timothy S sold $1.36 million worth of Veeva Systems Inc. (NYSE:VEEV) on Tuesday, September 12. Wallach Matthew J sold 24,000 shares worth $1.43M. 2,000 shares valued at $114,940 were sold by CODD RONALD E F on Thursday, October 5. $78,065 worth of stock was sold by Zuppas Eleni Nitsa on Friday, September 1. 8,025 shares were sold by MATEO ALAN, worth $504,692. The insider Lequient Frederic sold $104,281.

Among 14 analysts covering Veeva Systems (NYSE:VEEV), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Veeva Systems had 44 analyst reports since August 28, 2015 according to SRatingsIntel. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Market Perform” rating by Raymond James on Wednesday, August 24. The firm has “Buy” rating given on Wednesday, August 31 by Needham. As per Tuesday, December 5, the company rating was maintained by Raymond James. Stifel Nicolaus maintained Veeva Systems Inc. (NYSE:VEEV) on Friday, September 30 with “Buy” rating. The firm has “Buy” rating by Needham given on Friday, August 25. The firm has “Overweight” rating by JP Morgan given on Friday, May 27. The rating was maintained by Stifel Nicolaus on Thursday, October 12 with “Buy”. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Buy” rating given on Thursday, October 12 by Needham. The stock has “Buy” rating by Canaccord Genuity on Monday, May 29. Stifel Nicolaus maintained the shares of VEEV in report on Friday, May 27 with “Buy” rating.

Investors sentiment decreased to 1.63 in Q3 2017. Its down 0.13, from 1.76 in 2017Q2. It worsened, as 33 investors sold VEEV shares while 78 reduced holdings. 51 funds opened positions while 130 raised stakes. 95.88 million shares or 1.09% more from 94.85 million shares in 2017Q2 were reported. 916,259 were accumulated by Geode Mngmt Lc. Teachers Retirement Sys Of The State Of Kentucky has 0.03% invested in Veeva Systems Inc. (NYSE:VEEV). M reported 0.07% stake. Pittenger & Anderson stated it has 30 shares. 1.19M were reported by Bancshares Of America Corp De. Cantab Cap Prtn Llp has 12,159 shares. Capital Fund Management has 471,115 shares. 6,100 were reported by Prudential Public Ltd Company. Scout Invests Incorporated holds 0.33% of its portfolio in Veeva Systems Inc. (NYSE:VEEV) for 210,493 shares. Navellier And Associates reported 1.49% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). California Public Employees Retirement has invested 0.02% in Veeva Systems Inc. (NYSE:VEEV). Pacad Investment Limited accumulated 3,400 shares. Kbc Group Nv has invested 0.01% in Veeva Systems Inc. (NYSE:VEEV). Pnc Fincl Grp Inc accumulated 13,950 shares. Driehaus Capital Management Ltd Liability Company accumulated 11,557 shares or 0.03% of the stock.

Analysts await Peoples Bancorp Inc. (NASDAQ:PEBO) to report earnings on January, 26. They expect $0.49 EPS, up 19.51% or $0.08 from last year’s $0.41 per share. PEBO’s profit will be $8.96 million for 17.58 P/E if the $0.49 EPS becomes a reality. After $0.53 actual EPS reported by Peoples Bancorp Inc. for the previous quarter, Wall Street now forecasts -7.55% negative EPS growth.

Investors sentiment decreased to 1.22 in 2017 Q3. Its down 0.43, from 1.65 in 2017Q2. It dived, as 6 investors sold PEBO shares while 31 reduced holdings. 10 funds opened positions while 35 raised stakes. 10.36 million shares or 1.67% more from 10.18 million shares in 2017Q2 were reported. Wedge Capital Mgmt L Lp Nc reported 7,515 shares. Prelude Cap Management Ltd Com owns 600 shares. Rhumbline Advisers reported 19,303 shares. Huntington Bank & Trust stated it has 32,839 shares or 0.02% of all its holdings. Moreover, Buckhead Cap Mgmt Ltd Company has 0.14% invested in Peoples Bancorp Inc. (NASDAQ:PEBO) for 18,945 shares. Price T Rowe Associates Inc Md has invested 0% in Peoples Bancorp Inc. (NASDAQ:PEBO). Texas-based Dimensional Fund Advsrs Lp has invested 0.02% in Peoples Bancorp Inc. (NASDAQ:PEBO). Brandywine Global Inv Mgmt Limited Liability Co invested 0% of its portfolio in Peoples Bancorp Inc. (NASDAQ:PEBO). Goldman Sachs Incorporated holds 12,619 shares. Ubs Asset Mngmt Americas Inc holds 0% of its portfolio in Peoples Bancorp Inc. (NASDAQ:PEBO) for 7,500 shares. Northern Trust Corp invested in 200,442 shares. North Star Inv Mngmt Corporation accumulated 0% or 105 shares. Legal And General Gru Public Limited Co reported 4,158 shares. Federated Investors Pa owns 23,978 shares for 0% of their portfolio. Bnp Paribas Arbitrage holds 0% or 1,719 shares.

Since August 1, 2017, it had 0 insider buys, and 4 sales for $366,327 activity. BROUGHTON GEORGE W sold $2,983 worth of stock or 92 shares.

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