Criterion Capital Bullish On Veeva Systems Inc (VEEV), Further Raises Stake To Nearly 20%

Christopher Lord’s Criterion Capital further increased its position in Veeva Systems Inc (NYSE:VEEV). According to an amended filing, Criterion Capital currently owns 5.81 million shares, equivalent to 19.9% of the company’s total Class A common stock outstanding. Previously, the fund reported owning 4.40 million shares of the company, equal to 15.80% of the class.

Veeva Systems

Veeva Systems Inc (NYSE:VEEV) is a global provider of cloud-based software solutions, and customer relationship & regulated content management products. Founded in 2007, the company has a market cap of $5.3 billion, and has more than 190 customers in more than 75 countries.

At the end of March, Veeva Systems Inc. (NYSE: VEEV) announced that it closed its underwritten public offering of 13.80 million shares of its Class A common stock at a price to the public of $26.35 per share. The offering included 1.80 million shares issued upon the exercise in full of the underwriters’ option to purchase additional shares.

In its latest 13F, Scott Fine and Peter Richards’ Empire Capital Management disclosed ownership of 911,400 shares of Veeva Systems Inc (NYSE:VEEV). Joe Dimenna’s Zweig Dimenna Partners held 319,610 shares of the company. Citadel Investment Group, managed by Ken Griffin, revealed a $7.7 million stake, which contains 239,254 shares.

With the portfolio value of $3.2 billion, Criterion Capital is a long/short investment fund that focuses on technology, media, and telecommunications investments. The fund makes fundamentals-driven investments in quality businesses, utilizing the diversity inherent in the various technology industries to diversify its portfolio, and also takes short positions to help provide absolute returns.

As at the end of 2013, Criterion Capital disclosed holding a $243.1 million stake in Palo Alto Networks Inc (NYSE:PANW), which amounts to 4.23 million shares. In Baidu Inc (ADR) (NASDAQ:BIDU), the fund held 976,699 shares, worth $173.7 million. Another important is Amazon.com, Inc. (NASDAQ:AMZN), in which the fund revealed holding 354,291 shares.

Disclosure: None

Recommended Reading:

Shah Capital Management’s Latest 13F Shows Strong Focus on Industrial Goods and Technology Companies

John Horseman Is Betting Big On Financial Stocks And Gold Mining Companies

Cannell Capital Reduces Stake in Crumbs Bake Shop Inc (CRMB) to 8%

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!