Glynn Capital Management Holds Stake in Veeva Systems (VEEV); Mettler Toledo International (MTD) Stock Rose While First National Bank Of Hutchinson Has Lowered Position

February 20, 2018 - By Hazel Jackson

Glynn Capital Management Llc increased its stake in Veeva Systems (VEEV) by 102.13% based on its latest 2017Q3 regulatory filing with the SEC. Glynn Capital Management Llc bought 164,056 shares as the company’s stock rose 37.51% with the market. The hedge fund held 324,692 shares of the prepackaged software company at the end of 2017Q3, valued at $18.32M, up from 160,636 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Veeva Systems for a number of months, seems to be bullish on the $8.55 billion market cap company. The stock increased 1.26% or $0.75 during the last trading session, reaching $60.51. About 264,533 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 114.93% since February 20, 2017 and is uptrending. It has outperformed by 98.23% the S&P500.

First National Bank Of Hutchinson decreased its stake in Mettler Toledo International Inc (MTD) by 33.56% based on its latest 2017Q3 regulatory filing with the SEC. First National Bank Of Hutchinson sold 642 shares as the company’s stock rose 19.62% with the market. The institutional investor held 1,271 shares of the capital goods company at the end of 2017Q3, valued at $813,000, down from 1,913 at the end of the previous reported quarter. First National Bank Of Hutchinson who had been investing in Mettler Toledo International Inc for a number of months, seems to be less bullish one the $16.08 billion market cap company. The stock decreased 0.48% or $3.02 during the last trading session, reaching $631.35. About 50,486 shares traded. Mettler-Toledo International Inc. (NYSE:MTD) has risen 55.25% since February 20, 2017 and is uptrending. It has outperformed by 38.55% the S&P500.




Among 11 analysts covering Mettler-toledo International Inc. (NYSE:MTD), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Mettler-toledo International Inc. had 27 analyst reports since August 3, 2015 according to SRatingsIntel. On Friday, October 6 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Neutral” rating by Bank of America given on Thursday, September 10. Wells Fargo upgraded the shares of MTD in report on Thursday, July 13 to “Outperform” rating. The stock has “Buy” rating by Citigroup on Tuesday, September 8. Robert W. Baird maintained the stock with “Hold” rating in Friday, February 9 report. The rating was maintained by Robert W. Baird on Friday, November 3 with “Neutral”. The rating was initiated by Goldman Sachs on Tuesday, September 26 with “Buy”. The firm earned “Hold” rating on Thursday, January 4 by Barclays Capital. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, November 3. The rating was maintained by Robert W. Baird on Monday, February 12 with “Neutral”.

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.07, from 0.91 in 2017Q2. It dropped, as 31 investors sold MTD shares while 172 reduced holdings. 47 funds opened positions while 124 raised stakes. 22.26 million shares or 5.12% less from 23.46 million shares in 2017Q2 were reported. Virginia Retirement Sys Et Al has invested 0.28% in Mettler-Toledo International Inc. (NYSE:MTD). Kayne Anderson Rudnick Invest Mgmt Ltd Llc holds 0.01% or 1,978 shares in its portfolio. Moreover, Fiera Capital has 1.82% invested in Mettler-Toledo International Inc. (NYSE:MTD) for 608,233 shares. Huntington State Bank invested in 0% or 284 shares. Conning Inc reported 350 shares. Pitcairn invested 0.06% in Mettler-Toledo International Inc. (NYSE:MTD). Blackrock Inc holds 0.06% of its portfolio in Mettler-Toledo International Inc. (NYSE:MTD) for 1.81 million shares. Atria Invs Ltd has 0.05% invested in Mettler-Toledo International Inc. (NYSE:MTD). 123,722 are held by Bank Of America Corporation De. Granite Invest Prns Limited accumulated 0.06% or 1,631 shares. Principal Fin Grp Inc reported 40,586 shares or 0.02% of all its holdings. 5,882 were accumulated by Strategy Asset Managers Ltd Com. Visionary Asset Management invested in 386 shares or 0.07% of the stock. Ibm Retirement Fund accumulated 376 shares. Schroder Investment Gru Inc has invested 0.01% in Mettler-Toledo International Inc. (NYSE:MTD).

Since August 22, 2017, it had 0 insider buys, and 8 sales for $16.09 million activity. Rauch Waldemar sold $2.76M worth of Mettler-Toledo International Inc. (NYSE:MTD) on Tuesday, February 13. $442,500 worth of stock was sold by Magloth Christian on Thursday, August 24. On Monday, February 12 the insider DONNELLY WILLIAM P sold $6.19M. 1,500 Mettler-Toledo International Inc. (NYSE:MTD) shares with value of $882,000 were sold by Caratsch Thomas. $181,560 worth of stock was sold by Vadala Shawn on Monday, February 12. 500 Mettler-Toledo International Inc. (NYSE:MTD) shares with value of $294,580 were sold by Chu Wah-Hui.

Among 15 analysts covering Veeva Systems (NYSE:VEEV), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Veeva Systems had 46 analyst reports since August 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, May 29 by Canaccord Genuity. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Buy” rating by Needham on Friday, August 25. The firm has “Buy” rating by Needham given on Wednesday, August 31. The company was maintained on Friday, May 27 by Canaccord Genuity. Raymond James initiated Veeva Systems Inc. (NYSE:VEEV) on Wednesday, August 24 with “Market Perform” rating. Canaccord Genuity maintained the shares of VEEV in report on Wednesday, November 25 with “Buy” rating. The company was maintained on Wednesday, November 23 by Stifel Nicolaus. As per Wednesday, November 25, the company rating was maintained by Leerink Swann. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Buy” rating given on Friday, May 27 by Stifel Nicolaus. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Buy” rating by KeyBanc Capital Markets on Sunday, November 12.

Since August 30, 2017, it had 0 insider buys, and 28 selling transactions for $21.87 million activity. 37,500 shares were sold by Faddis Jonathan, worth $2.11 million on Friday, September 29. The insider MATEO ALAN sold $41,254. Another trade for 4,375 shares valued at $246,906 was sold by Cabral Timothy S. Lequient Frederic sold $1.35 million worth of Veeva Systems Inc. (NYSE:VEEV) on Friday, September 1. Shares for $766,492 were sold by Zuppas Eleni Nitsa on Friday, October 13. $1.38M worth of Veeva Systems Inc. (NYSE:VEEV) was sold by Wallach Matthew J.

Glynn Capital Management Llc, which manages about $659.77 million and $398.38M US Long portfolio, decreased its stake in Facebook Inc. (NASDAQ:FB) by 17,374 shares to 170,702 shares, valued at $29.17 million in 2017Q3, according to the filing. It also reduced its holding in Workday Inc. (NYSE:WDAY) by 21,757 shares in the quarter, leaving it with 245,314 shares, and cut its stake in Okta Inc..

Investors sentiment decreased to 1.63 in 2017 Q3. Its down 0.13, from 1.76 in 2017Q2. It worsened, as 33 investors sold VEEV shares while 78 reduced holdings. 51 funds opened positions while 130 raised stakes. 95.88 million shares or 1.09% more from 94.85 million shares in 2017Q2 were reported. Ny State Common Retirement Fund holds 1.62M shares. Next Finance Grp Inc has 575 shares. Van Eck Associate Corporation holds 277,636 shares. Avalon Global Asset Management reported 60,000 shares. Fincl Services Corp reported 91 shares stake. Macquarie Group Inc Limited reported 0% in Veeva Systems Inc. (NYSE:VEEV). Telemus Cap Limited Liability reported 20,057 shares. Creative Planning has invested 0.01% in Veeva Systems Inc. (NYSE:VEEV). Putnam Investments Ltd Liability Com holds 36,152 shares. Amalgamated Natl Bank owns 20,523 shares for 0.04% of their portfolio. Loomis Sayles And Co Ltd Partnership has invested 0.02% in Veeva Systems Inc. (NYSE:VEEV). Chicago Equity Prtn Ltd stated it has 189,570 shares or 0.34% of all its holdings. Oppenheimer & Inc reported 0.01% in Veeva Systems Inc. (NYSE:VEEV). Products Prtnrs Lc holds 0.32% or 173,837 shares. Parkside Bancorporation And Trust owns 1,694 shares for 0.04% of their portfolio.

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