Mai Wealth Advisors Trimmed By $556,549 Its Western Gas Equity Partners LP (WGP) Position; Glynn Capital Management Cut Veeva Systems (VEEV) Stake

November 15, 2017 - By Winifred Garcia

Glynn Capital Management Llc decreased Veeva Systems (VEEV) stake by 18.63% reported in 2017Q2 SEC filing. Glynn Capital Management Llc sold 36,788 shares as Veeva Systems (VEEV)’s stock rose 37.51%. The Glynn Capital Management Llc holds 160,636 shares with $9.85M value, down from 197,424 last quarter. Veeva Systems now has $8.55 billion valuation. The stock decreased 1.12% or $0.69 during the last trading session, reaching $60.79. About shares traded. Veeva Systems Inc (NYSE:VEEV) has risen 114.93% since November 15, 2016 and is uptrending. It has outperformed by 98.23% the S&P500.

Mai Wealth Advisors decreased Western Gas Equity Partners Lp (WGP) stake by 12.38% reported in 2017Q2 SEC filing. Mai Wealth Advisors sold 12,943 shares as Western Gas Equity Partners Lp (WGP)’s stock declined 5.04%. The Mai Wealth Advisors holds 91,620 shares with $3.94M value, down from 104,563 last quarter. Western Gas Equity Partners Lp now has $7.96B valuation. The stock increased 0.28% or $0.1 on November 14, reaching $36.37. About shares traded. Western Gas Equity Partners LP (NYSE:WGP) has risen 3.31% since November 15, 2016 and is uptrending. It has underperformed by 13.39% the S&P500.

Among 14 analysts covering Veeva Systems (NYSE:VEEV), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Veeva Systems had 42 analyst reports since August 28, 2015 according to SRatingsIntel. On Monday, June 5 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. Citigroup initiated the shares of VEEV in report on Friday, October 30 with “Neutral” rating. The rating was maintained by Needham with “Buy” on Wednesday, August 31. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, March 2 report. The stock of Veeva Systems Inc (NYSE:VEEV) earned “Buy” rating by Stifel Nicolaus on Friday, September 30. The firm has “Buy” rating by Canaccord Genuity given on Monday, May 29. The firm has “Buy” rating given on Thursday, July 6 by Stifel Nicolaus. The stock of Veeva Systems Inc (NYSE:VEEV) earned “Buy” rating by KeyBanc Capital Markets on Thursday, August 24. The stock has “Buy” rating by Bank of America on Friday, May 26. The firm has “Buy” rating given on Wednesday, March 1 by Needham.

Investors sentiment increased to 1.76 in 2017 Q2. Its up 0.79, from 0.97 in 2017Q1. It increased, as 24 investors sold VEEV shares while 83 reduced holdings. 99 funds opened positions while 89 raised stakes. 94.85 million shares or 2.55% less from 97.33 million shares in 2017Q1 were reported. Bnp Paribas Asset Mngmt holds 0.05% in Veeva Systems Inc (NYSE:VEEV) or 98,019 shares. The Minnesota-based Thrivent Fincl For Lutherans has invested 0.04% in Veeva Systems Inc (NYSE:VEEV). Gsa Capital Prtn Ltd Liability Partnership holds 15,200 shares. Columbia Wanger Asset Mgmt Lc stated it has 333,727 shares or 0.29% of all its holdings. Moreover, Invesco Limited has 0% invested in Veeva Systems Inc (NYSE:VEEV) for 163,322 shares. Daiwa Secs Grp invested in 0% or 3,150 shares. Cipher LP owns 26,247 shares or 0.13% of their US portfolio. Millennium Mngmt Limited Co holds 0.05% or 434,327 shares in its portfolio. Commonwealth Retail Bank Of invested in 0% or 542 shares. Fifth Third Natl Bank holds 0% of its portfolio in Veeva Systems Inc (NYSE:VEEV) for 1,223 shares. Mackenzie has invested 0.04% in Veeva Systems Inc (NYSE:VEEV). Point72 Asset Management Lp reported 0.08% in Veeva Systems Inc (NYSE:VEEV). Gilder Gagnon Howe, a New York-based fund reported 850,166 shares. Ww Asset Mngmt Incorporated holds 0.01% of its portfolio in Veeva Systems Inc (NYSE:VEEV) for 4,846 shares. Hanseatic Inc owns 1.73% invested in Veeva Systems Inc (NYSE:VEEV) for 55,585 shares.

Analysts await Veeva Systems Inc (NYSE:VEEV) to report earnings on December, 5 after the close. They expect $0.16 EPS, up 6.67% or $0.01 from last year’s $0.15 per share. VEEV’s profit will be $22.50 million for 94.98 P/E if the $0.16 EPS becomes a reality. After $0.15 actual EPS reported by Veeva Systems Inc for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

Since May 30, 2017, it had 0 insider purchases, and 13 sales for $9.48 million activity. $2.64 million worth of Veeva Systems Inc (NYSE:VEEV) was sold by Cabral Timothy S on Tuesday, June 6. Zuppas Eleni Nitsa sold $195,256 worth of stock or 2,924 shares. Another trade for 3,000 shares valued at $173,657 was sold by CODD RONALD E F. Mateo Alan also sold $479,494 worth of Veeva Systems Inc (NYSE:VEEV) shares. $2.27 million worth of Veeva Systems Inc (NYSE:VEEV) shares were sold by Faddis Jonathan. Lequient Frederic sold $70,785 worth of stock or 1,088 shares.

Among 18 analysts covering Western Gas Equity Partners (NYSE:WGP), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Western Gas Equity Partners has $70 highest and $27 lowest target. $44.86’s average target is 23.34% above currents $36.37 stock price. Western Gas Equity Partners had 29 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, October 20 by Deutsche Bank. The company was maintained on Tuesday, October 11 by RBC Capital Markets. JP Morgan maintained the stock with “Overweight” rating in Wednesday, March 30 report. The rating was upgraded by Bank of America to “Neutral” on Monday, February 27. On Sunday, October 29 the stock rating was maintained by RBC Capital Markets with “Buy”. Barclays Capital maintained Western Gas Equity Partners LP (NYSE:WGP) rating on Monday, November 2. Barclays Capital has “Equal-Weight” rating and $58 target. Wells Fargo downgraded Western Gas Equity Partners LP (NYSE:WGP) on Friday, January 15 to “Market Perform” rating. As per Thursday, November 2, the company rating was maintained by Morgan Stanley. The firm has “Outperform” rating by Macquarie Research given on Friday, April 21. On Thursday, January 14 the stock rating was initiated by CapitalOne with “Equalweight”.

Mai Wealth Advisors increased Ishares Core Msci Emerging Mkt (IEMG) stake by 71,775 shares to 488,191 valued at $24.43M in 2017Q2. It also upped Spdr Euro Stoxx 50 Etf (FEZ) stake by 83,036 shares and now owns 240,598 shares. Ishares S&P Small Cap Index (IJR) was raised too.

Analysts await Western Gas Equity Partners LP (NYSE:WGP) to report earnings on February, 28. They expect $0.44 earnings per share, up 12.82% or $0.05 from last year’s $0.39 per share. WGP’s profit will be $96.30 million for 20.66 P/E if the $0.44 EPS becomes a reality. After $0.44 actual earnings per share reported by Western Gas Equity Partners LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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