Veeva Systems Inc. (VEEV) At $72.00 Forms Bottom; M Holdings Securities Has Trimmed By $1.85 Million Its Home Depot Com (HD) Stake

April 4, 2018 - By Danny Collins

The Home Depot, Inc. (NYSE:HD) Logo

M Holdings Securities Inc decreased Home Depot Inc Com (HD) stake by 84.33% reported in 2017Q4 SEC filing. M Holdings Securities Inc sold 5,867 shares as Home Depot Inc Com (HD)’s stock declined 7.15%. The M Holdings Securities Inc holds 1,090 shares with $345,000 value, down from 6,957 last quarter. Home Depot Inc Com now has $201.09 billion valuation. The stock increased 0.50% or $0.86 during the last trading session, reaching $173.76. About 5.28M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.94% since April 4, 2017 and is uptrending. It has outperformed by 7.39% the S&P500.

Veeva Systems Inc. (VEEV) formed multiple bottom with $69.12 target or 4.00% below today’s $72.00 share price. Veeva Systems Inc. (VEEV) has $10.25 billion valuation. The stock increased 0.78% or $0.56 during the last trading session, reaching $72. About 1.61 million shares traded or 30.42% up from the average. Veeva Systems Inc. (NYSE:VEEV) has risen 42.88% since April 4, 2017 and is uptrending. It has outperformed by 31.33% the S&P500.

Among 34 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. The Home Depot Inc. had 116 analyst reports since August 19, 2015 according to SRatingsIntel. SEB Equity Research maintained The Home Depot, Inc. (NYSE:HD) on Tuesday, August 25 with “Sell” rating. Piper Jaffray maintained The Home Depot, Inc. (NYSE:HD) rating on Friday, September 29. Piper Jaffray has “Hold” rating and $164.0 target. Jefferies maintained The Home Depot, Inc. (NYSE:HD) on Friday, November 10 with “Buy” rating. BMO Capital Markets maintained the stock with “Outperform” rating in Thursday, February 22 report. The company was initiated on Tuesday, May 24 by Topeka Capital Markets. As per Tuesday, July 18, the company rating was maintained by BMO Capital Markets. The firm earned “Buy” rating on Wednesday, June 21 by Oppenheimer. On Tuesday, October 3 the stock rating was initiated by Gordon Haskett Capital Corporation with “Buy”. The firm has “Hold” rating by Piper Jaffray given on Tuesday, August 15. As per Tuesday, November 28, the company rating was upgraded by Atlantic Securities.

Since December 7, 2017, it had 2 buys, and 5 selling transactions for $36.57 million activity. $1.97 million worth of stock was sold by Roseborough Teresa Wynn on Thursday, December 7. Shares for $20.89 million were sold by Menear Craig A on Wednesday, February 21. The insider Campbell Ann Marie sold $7.02M. Carey Matt sold 41,396 shares worth $7.58M. CODINA ARMANDO M bought $1.19 million worth of stock or 6,650 shares. 16,827 shares were bought by BRENNEMAN GREGORY D, worth $3.00M. The insider Decker Edward P. sold 17,660 shares worth $3.31M.

M Holdings Securities Inc increased Gabelli Multimedia Tr Inc Com (GGT) stake by 21,866 shares to 44,669 valued at $2.47 million in 2017Q4. It also upped Glaxosmithkline Plc Sponsored Adr (NYSE:GSK) stake by 3,566 shares and now owns 11,358 shares. First Tr Exchange (FPE) was raised too.

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on May, 15. They expect $2.08 earnings per share, up 24.55% or $0.41 from last year’s $1.67 per share. HD’s profit will be $2.41B for 20.88 P/E if the $2.08 EPS becomes a reality. After $1.69 actual earnings per share reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.21, from 1.14 in 2017Q3. It dived, as 51 investors sold HD shares while 662 reduced holdings. 164 funds opened positions while 501 raised stakes. 788.59 million shares or 0.96% less from 796.24 million shares in 2017Q3 were reported. Moreover, Orrstown Financial has 1.19% invested in The Home Depot, Inc. (NYSE:HD). Magnetar Finance Limited Co holds 0.01% or 3,127 shares. Sii Investments Wi holds 0.44% or 22,332 shares. Frontier Inv Mngmt owns 1,736 shares. Mycio Wealth Prtnrs Ltd Company has 0.17% invested in The Home Depot, Inc. (NYSE:HD). The New York-based Blackrock Inc has invested 0.65% in The Home Depot, Inc. (NYSE:HD). Schwab Charles Investment Mgmt has invested 0.93% in The Home Depot, Inc. (NYSE:HD). Park National Corp Oh holds 1.28% in The Home Depot, Inc. (NYSE:HD) or 121,153 shares. Federated Inc Pa reported 541,160 shares or 0.29% of all its holdings. Ohio-based Stratos Wealth Prns Limited has invested 0.6% in The Home Depot, Inc. (NYSE:HD). Verity & Verity Ltd Co has 0.07% invested in The Home Depot, Inc. (NYSE:HD). Cipher Cap Lp accumulated 33,792 shares. 1,872 are held by Hilton Cap Mngmt Ltd Liability Com. Horan Management invested in 3,368 shares. Sun Life Fincl has invested 0.05% in The Home Depot, Inc. (NYSE:HD).

Among 16 analysts covering Veeva Systems (NYSE:VEEV), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Veeva Systems has $81 highest and $24 lowest target. $58.14’s average target is -19.25% below currents $72 stock price. Veeva Systems had 53 analyst reports since August 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Canaccord Genuity on Wednesday, February 28. On Friday, October 30 the stock rating was initiated by Citigroup with “Neutral”. Canaccord Genuity maintained Veeva Systems Inc. (NYSE:VEEV) rating on Wednesday, November 25. Canaccord Genuity has “Buy” rating and $35 target. The firm has “Buy” rating given on Wednesday, November 23 by Canaccord Genuity. The company was maintained on Tuesday, August 23 by Citigroup. On Tuesday, October 4 the stock rating was initiated by Goldman Sachs with “Neutral”. The company was upgraded on Friday, December 16 by JMP Securities. Raymond James maintained Veeva Systems Inc. (NYSE:VEEV) on Tuesday, December 5 with “Hold” rating. On Wednesday, August 31 the stock rating was maintained by Needham with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, December 6.

Since October 5, 2017, it had 0 insider buys, and 25 sales for $22.06 million activity. Shares for $53,995 were sold by MATEO ALAN. Another trade for 10,200 shares valued at $582,762 was sold by Ritter Gordon. Wallach Matthew J also sold $927,409 worth of Veeva Systems Inc. (NYSE:VEEV) on Thursday, March 15. Shares for $206,202 were sold by Lequient Frederic on Thursday, March 1. On Monday, December 18 the insider Cabral Timothy S sold $2.79 million. $114,140 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by CODD RONALD E F. Another trade for 934 shares valued at $64,866 was sold by Zuppas Eleni Nitsa.

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