Artisan Partners Amends Veeva Systems Stake (SC 13G/A)

TL;DR

**Artisan Partners updated their stake in Veeva Systems, signaling a change in their institutional ownership.**

AI Summary

Artisan Partners Limited Partnership, an investment firm, filed an amended SC 13G/A on February 12, 2024, indicating their ownership of Veeva Systems Inc. Class A Common Stock as of December 31, 2023. This filing updates their previous disclosures, showing a change in their beneficial ownership. For investors, this matters because it reveals a significant institutional investor's updated stake in Veeva, which can influence market perception and potentially signal confidence or a shift in their investment strategy.

Why It Matters

This filing shows an updated position from a major institutional investor, Artisan Partners, in Veeva Systems, providing insight into their current level of commitment to the company.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently present a high risk to investors.

Analyst Insight

An investor should note this updated institutional ownership as part of their due diligence, but this filing alone doesn't provide enough information to make a definitive investment decision. Further analysis of Artisan Partners' overall strategy and the specific details of their ownership change (e.g., increase or decrease in shares) would be beneficial.

Key Players & Entities

• Artisan Partners Limited Partnership (company) — the reporting person and institutional investor
• Veeva Systems Inc. (company) — the subject company whose stock is being reported
• Artisan Investments GP LLC (company) — a group member of the reporting entity
• Artisan Partners Asset Management Inc. (company) — a group member of the reporting entity
• Artisan Partners Holdings LP (company) — a group member of the reporting entity

FAQ

Filing Documents

• d758191dsc13ga.htm (SC 13G/A) — 77KB
• d758191dex991.htm (EX-99.1) — 4KB
• g758191g0206010324685.jpg (GRAPHIC) — 3KB
• g758191g0206010324839.jpg (GRAPHIC) — 4KB
• 0001193125-24-030901.txt ( ) — 93KB

From the Filing

SC 13G/A 1 d758191dsc13ga.htm SC 13G/A SC 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2. Under the Securities Exchange Act of 1934 (Amendment No. 2 )* Veeva Systems Inc. (Name of Issuer) Class A Common Stock (Title of Class of Securities) 922475108 (CUSIP Number) 12/31/2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 922475108 13G 1 NAME OF REPORTING PERSON Artisan Partners Limited Partnership 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 5,774,441 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 6,581,353 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,581,353 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.1% 12 TYPE OF REPORTING PERSON (see Instructions) IA CUSIP No. 922475108 13G 1 NAME OF REPORTING PERSON Artisan Investments GP LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 5,774,441 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 6,581,353 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,581,353 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.1% 12 TYPE OF REPORTING PERSON (see Instructions) HC CUSIP No. 922475108 13G 1 NAME OF REPORTING PERSON Artisan Partners Holdings LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 5,774,441 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 6,581,353 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,581,353 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.1% 12 TYPE OF REPORTING PERSON (see Instructions) HC CUSIP No. 922475108 13G 1 NAME OF REPORTING PERSON Artisan Partners Asset Management Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 5,774,441 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 6,581,353 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,581,353 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.1% 12 TYPE OF REPORTING PERSON (see Instructions) HC Item1(a) Name of Issuer: Veeva Systems Inc. Item1(b) Address of Issuers Principal Executive Offices: 4280 Hacienda Drive, Pleasanton, California, 94588 Item2(a) Name of Person Filing: Artisan Partners Limited Partnership (APLP) Artisan Investments GP LLC (Artisan Investments) Artisan Partners Holdings LP (Artisan Holdings) Artisan Partners Asset Management Inc. (APAM) Item2(b) Address of Principal Business Office: APLP, Artisan Investments, Artisan Holdings, and APAM are all located at: 875 East Wisconsin Avenue, Suite 800 Milwaukee, WI 53202 Item2(c) Citizenship: APLP

View Full Filing

View this SC 13G/A filing on SEC EDGAR