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Pleasanton Today
By the People, for the People
LGT Fund Management Co Ltd. Increases Stake in Veeva Systems Inc.
Institutional investor adds 6,998 shares to its Veeva Systems holdings in Q3
Published on Mar. 9, 2026
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LGT Fund Management Co Ltd. grew its position in Veeva Systems Inc. (NYSE:VEEV) by 31.8% during the third quarter, according to a recent SEC filing. The fund now owns 29,035 shares of the technology company's stock, worth $8.5 million as of the latest reporting period.
Why it matters
Veeva Systems is a leading provider of cloud-based software solutions for the life sciences industry. As an institutional investor, LGT Fund Management's increased stake in the company signals confidence in Veeva's growth prospects and market position.
The details
In the third quarter, LGT Fund Management purchased an additional 6,998 shares of Veeva Systems, bringing its total holdings to 29,035 shares. This represents a 31.8% increase in the fund's position in the company. Veeva Systems provides a range of industry-specific applications and data solutions for pharmaceutical, biotech, and medical device companies to manage regulated content, clinical trials, quality systems, and commercial operations.
- LGT Fund Management Co Ltd. disclosed the increased stake in Veeva Systems in a filing with the Securities and Exchange Commission on March 9, 2026.
- The additional 6,998 shares were purchased during the third quarter of 2025.
The players
LGT Fund Management Co Ltd.
An institutional investment management firm that oversees over $100 billion in assets.
Veeva Systems Inc.
A cloud software company that develops industry-specific applications and data solutions for the global life sciences sector.
The takeaway
LGT Fund Management's increased stake in Veeva Systems reflects the institutional investor's confidence in the company's long-term growth potential within the life sciences technology market. As Veeva continues to expand its product offerings and customer base, its stock could remain an attractive investment for institutional funds seeking exposure to this dynamic industry.
