TD Asset Management Inc. boosted its stake in Five9, Inc. (NASDAQ:FIVN) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,532 shares of the software maker’s stock after buying an additional 5,800 shares during the period. TD Asset Management Inc. owned 0.11% of Five9 worth $1,260,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in FIVN. Teachers Advisors LLC raised its stake in Five9 by 107.2% in the fourth quarter. Teachers Advisors LLC now owns 162,982 shares of the software maker’s stock valued at $2,313,000 after buying an additional 84,304 shares during the period. Russell Investments Group Ltd. raised its stake in Five9 by 19.4% in the first quarter. Russell Investments Group Ltd. now owns 1,005,199 shares of the software maker’s stock valued at $16,545,000 after buying an additional 163,654 shares during the period. Wells Fargo & Company MN raised its stake in Five9 by 124.1% in the first quarter. Wells Fargo & Company MN now owns 1,400,229 shares of the software maker’s stock valued at $23,048,000 after buying an additional 775,345 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in Five9 by 19.1% in the first quarter. Kornitzer Capital Management Inc. KS now owns 699,279 shares of the software maker’s stock valued at $11,510,000 after buying an additional 111,935 shares during the period. Finally, Capital Fund Management S.A. raised its stake in Five9 by 33.2% in the first quarter. Capital Fund Management S.A. now owns 50,600 shares of the software maker’s stock valued at $833,000 after buying an additional 12,600 shares during the period. Hedge funds and other institutional investors own 90.15% of the company’s stock.

Shares of Five9, Inc. (NASDAQ FIVN) opened at 20.76 on Friday. The company’s market cap is $1.14 billion. The company’s 50-day moving average is $21.55 and its 200-day moving average is $19.78. Five9, Inc. has a one year low of $12.58 and a one year high of $24.80.

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Several equities research analysts have recently issued reports on FIVN shares. Canaccord Genuity restated a “buy” rating and issued a $20.00 target price on shares of Five9 in a report on Monday, May 1st. Pacific Crest restated a “buy” rating and issued a $22.00 target price on shares of Five9 in a report on Thursday, May 4th. Zacks Investment Research upgraded shares of Five9 from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Monday, May 8th. BidaskClub lowered shares of Five9 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Northland Securities set a $25.00 price objective on shares of Five9 and gave the company a “buy” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Five9 presently has a consensus rating of “Buy” and a consensus price target of $22.29.

In other news, EVP Gaurav Passi sold 3,750 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $22.12, for a total transaction of $82,950.00. Following the completion of the sale, the executive vice president now owns 126,156 shares in the company, valued at approximately $2,790,570.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Welch sold 3,903 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $20.88, for a total value of $81,494.64. Following the sale, the executive vice president now owns 136,799 shares of the company’s stock, valued at approximately $2,856,363.12. The disclosure for this sale can be found here. Insiders have sold a total of 97,034 shares of company stock valued at $2,133,490 in the last quarter. Company insiders own 9.10% of the company’s stock.

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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