Axa grew its holdings in Five9 Inc (NASDAQ:FIVN) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 306,793 shares of the software maker’s stock after acquiring an additional 29,000 shares during the quarter. Axa owned 0.55% of Five9 worth $7,633,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of FIVN. Tremblant Capital Group acquired a new stake in Five9 in the third quarter worth about $19,544,000. Shell Asset Management Co. acquired a new stake in Five9 in the fourth quarter worth about $9,496,000. Wells Fargo & Company MN boosted its holdings in Five9 by 31.4% in the third quarter. Wells Fargo & Company MN now owns 1,531,252 shares of the software maker’s stock worth $36,598,000 after acquiring an additional 366,166 shares in the last quarter. State Street Corp boosted its holdings in Five9 by 49.3% in the second quarter. State Street Corp now owns 887,639 shares of the software maker’s stock worth $19,103,000 after acquiring an additional 293,067 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its holdings in Five9 by 51.1% in the third quarter. Hood River Capital Management LLC now owns 633,243 shares of the software maker’s stock worth $15,135,000 after acquiring an additional 214,047 shares in the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.
Shares of Five9 Inc (FIVN) opened at $30.70 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.85. Five9 Inc has a twelve month low of $15.91 and a twelve month high of $32.47. The company has a market capitalization of $1,779.20, a PE ratio of -191.88 and a beta of 0.08.
Several equities research analysts have weighed in on FIVN shares. Canaccord Genuity reissued a “buy” rating and issued a $31.00 price target on shares of Five9 in a report on Friday, February 23rd. Roth Capital reissued a “buy” rating on shares of Five9 in a report on Thursday, February 22nd. KeyCorp reaffirmed a “buy” rating and set a $30.00 target price (up previously from $29.00) on shares of Five9 in a report on Wednesday, February 21st. SunTrust Banks assumed coverage on Five9 in a report on Wednesday, January 31st. They set a “buy” rating and a $30.00 target price for the company. Finally, BidaskClub raised Five9 from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $26.60.
In related news, President Daniel P. Burkland sold 3,867 shares of Five9 stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $31.08, for a total transaction of $120,186.36. Following the completion of the transaction, the president now directly owns 164,424 shares in the company, valued at $5,110,297.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gaurav Passi sold 1,347 shares of Five9 stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $31.35, for a total value of $42,228.45. Following the transaction, the executive vice president now owns 95,894 shares of the company’s stock, valued at $3,006,276.90. The disclosure for this sale can be found here. Insiders have sold 660,455 shares of company stock valued at $18,933,791 in the last ninety days. Corporate insiders own 9.10% of the company’s stock.
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).
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