Franklin Resources Boosts Stake in Veeva Systems

Investment firm increases holdings in cloud software company by nearly 25%

Mar. 12, 2026 at 10:34am

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Franklin Resources Inc. has increased its stake in Veeva Systems Inc. (NYSE:VEEV) by 24.8%, adding 343,287 shares in the third quarter. The institutional investor now owns 1,729,436 shares, or approximately 1.06% of the technology company's stock, valued at $515,216,000.

Why it matters

Veeva Systems is a leading provider of cloud-based software solutions for the life sciences industry. Franklin Resources' increased investment signals confidence in the company's growth potential and market position.

The details

According to a disclosure with the Securities & Exchange Commission, Franklin Resources purchased the additional 343,287 shares of Veeva Systems in the third quarter. This brings the investment firm's total holdings in the company to 1,729,436 shares, or around 1.06% of Veeva's outstanding stock.

  • Franklin Resources increased its stake in Veeva Systems in the 3rd quarter of 2026.

The players

Franklin Resources Inc.

An American investment management firm that provides a range of investment management and related services to individuals, institutions, and retirement plans.

Veeva Systems Inc.

A cloud software company that develops industry-specific applications and data solutions for the global life sciences sector.

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The takeaway

Franklin Resources' increased stake in Veeva Systems underscores the investment firm's confidence in the cloud software company's long-term growth prospects within the life sciences industry.