Five9, Inc. (FIVN) Stake Lifted by TD Asset Management Inc.

TD Asset Management Inc. increased its holdings in shares of Five9, Inc. (NASDAQ:FIVN) by 32.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,532 shares of the software maker’s stock after buying an additional 19,000 shares during the period. TD Asset Management Inc. owned about 0.14% of Five9 worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in FIVN. Vanguard Group Inc. lifted its holdings in Five9 by 25.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,297,927 shares of the software maker’s stock valued at $70,972,000 after purchasing an additional 670,939 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Five9 by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,113,600 shares of the software maker’s stock valued at $45,485,000 after purchasing an additional 132,100 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in Five9 in the 2nd quarter valued at $21,296,000. FMR LLC lifted its holdings in Five9 by 19.6% in the 2nd quarter. FMR LLC now owns 956,737 shares of the software maker’s stock valued at $20,589,000 after purchasing an additional 156,737 shares in the last quarter. Finally, State Street Corp lifted its holdings in Five9 by 49.3% in the 2nd quarter. State Street Corp now owns 887,639 shares of the software maker’s stock valued at $19,103,000 after purchasing an additional 293,067 shares in the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.

Shares of Five9, Inc. (FIVN) opened at $23.46 on Monday. Five9, Inc. has a 52 week low of $12.58 and a 52 week high of $27.81. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.17 and a current ratio of 2.17.

Five9 (NASDAQ:FIVN) last issued its earnings results on Wednesday, November 8th. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. Five9 had a negative return on equity of 34.14% and a negative net margin of 4.19%. The business had revenue of $50.08 million during the quarter, compared to the consensus estimate of $48.20 million. Five9’s revenue for the quarter was up 22.2% compared to the same quarter last year. research analysts predict that Five9, Inc. will post -0.18 EPS for the current fiscal year.

A number of research analysts have weighed in on FIVN shares. KeyCorp restated a “buy” rating and issued a $27.00 price objective on shares of Five9 in a report on Friday, October 27th. Northland Securities restated a “buy” rating and issued a $25.00 price objective on shares of Five9 in a report on Wednesday, October 4th. Canaccord Genuity raised their price objective on Five9 from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, September 27th. Zacks Investment Research raised Five9 from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Monday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 target price on shares of Five9 in a research note on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Five9 presently has a consensus rating of “Buy” and an average target price of $26.43.

In related news, EVP Daniel P. Burkland sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $22.12, for a total transaction of $221,200.00. Following the completion of the sale, the executive vice president now directly owns 146,436 shares of the company’s stock, valued at approximately $3,239,164.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Welch sold 3,902 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $25.30, for a total value of $98,720.60. Following the sale, the executive vice president now directly owns 105,003 shares of the company’s stock, valued at $2,656,575.90. The disclosure for this sale can be found here. Insiders sold a total of 828,877 shares of company stock valued at $20,048,350 over the last ninety days. Corporate insiders own 9.10% of the company’s stock.

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About Five9

Five9 Inc (Five9) is a provider of cloud software for contact centers. The Company’s purpose-built Virtual Contact Center (VCC) cloud platform delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions. The Company’s solution, which consists of its VCC cloud platform and applications, allows simultaneous management and optimization of customer interactions across voice, chat, e-mail, Web, social media and mobile channels, either directly or through its application programming interfaces (APIs).

Institutional Ownership by Quarter for Five9 (NASDAQ:FIVN)

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