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Pictet Asset Management Holding SA lowers position in NewAmsterdam Pharma Company N.V.
Pictet Asset Management Holding SA reduced its stake in NewAmsterdam Pharma Company N.V. by 42.3% in the fourth quarter, selling 546,028 shares. The firm now holds 746,122 shares valued at $26.17 million, representing 0.66% of the company. While Pictet exited, other institutional investors including Capital World Investors and Jennison Associates LLC increased their holdings. Recent insider activity saw significant sales by CEO Michael H. Davidson and Johannes Jacob Piete Kastelein. The company reported a loss of $0.63 per share for the quarter, missing analyst estimates.
Pictet Asset Management Holding SA trims Ameriprise Financial stake
Pictet Asset Management Holding SA reduced its position in Ameriprise Financial, Inc. by 5.4% during the fourth quarter, selling 3,049 shares. The firm now holds 53,393 shares valued at $26.18 million, representing approximately 0.06% of the company. While Pictet decreased its holdings, other institutional investors including State Street Corp, Boston Partners, and Federated Hermes Inc. increased their stakes in the financial services provider during the same period.
Pictet Asset Management Holding SA reduces Target Corporation stake by 5.2%
Pictet Asset Management Holding SA trimmed its stake in Target Corporation by 5.2% during the fourth quarter, selling 14,343 shares to hold 258,860 shares valued at $25.3 million. While Pictet reduced its position, other institutional investors including First Trust Advisors LP, CWM LLC, and Grantham Mayo Van Otterloo & Co. LLC increased their holdings. Target reported quarterly earnings of $2.44 per share, beating estimates, with revenue of $30.45 billion. The company declared a quarterly dividend of $1.14 payable on June 1st. Analysts maintain a Hold rating with an average price target of $117.39.
Pictet Asset Management reduces MetLife stake by 20.3% in fourth quarter
Pictet Asset Management Holding SA decreased its stake in MetLife, Inc. by 20.3% during the fourth quarter, selling 84,564 shares. The firm now holds 331,384 shares valued at $26.16 million. While Pictet reduced its position, other institutional investors including Vanguard Group Inc., Dodge & Cox, Wellington Management Group LLP, Pzena Investment Management LLC, and Ameriprise Financial Inc. increased their holdings in the financial services provider during the third or fourth quarter.
Pictet Asset Management raises stake in Southern Copper Corporation
Pictet Asset Management Holding SA increased its position in Southern Copper Corporation by 20.6% in the fourth quarter, acquiring an additional 30,027 shares. The fund now holds 176,044 shares valued at $25.26 million. Other institutional investors, including Capital World Investors and Man Group plc, also raised their stakes. Southern Copper reported quarterly earnings of $1.92 per share, exceeding estimates, and declared a quarterly dividend of $1.00 per share. The company announced a 1.01-for-1 stock split effective May 13.
Pictet Asset Management Holding SA sells 1,178,416 shares of Fidelity National Information Services
Pictet Asset Management Holding SA reduced its stake in Fidelity National Information Services, Inc. by 75.4% in the fourth quarter, selling 1,178,416 shares. The fund retained 384,057 shares, valued at $25,524,000. While Pictet exited a significant portion of its position, other institutional investors including Resonant Capital Advisors LLC and Concurrent Investment Advisors LLC initiated new stakes. CEO Stephanie Ferris purchased 19,846 shares in March. Analysts have issued mixed ratings with recent price target reductions, though the stock maintains a Moderate Buy consensus.
Pictet Asset Management Holding SA raises stake in Cheniere Energy
Pictet Asset Management Holding SA increased its holding in Cheniere Energy, Inc. by 10.5% during the fourth quarter, purchasing an additional 12,406 shares. The firm now owns 130,046 shares, representing approximately 0.06% of the company valued at $25.28 million. This move aligns with broader institutional interest, as hedge funds collectively own 87.26% of the stock. Concurrently, several analysts have issued 'overweight' or 'buy' ratings, while corporate insiders recently sold significant portions of their holdings.
Pictet Asset Management Holding SA decreases holdings in Axon Enterprise Inc
Pictet Asset Management Holding SA reduced its stake in Axon Enterprise Inc by 12.6% in the fourth quarter, selling 6,385 shares to hold 44,171 shares valued at $25,086,000. While Pictet decreased its position, other major investors including Baillie Gifford & Co, Vanguard Group Inc, and Jennison Associates LLC increased their holdings. Insider activity included sales by CAO Jennifer H. Mak and CEO Patrick W. Smith. The company reported quarterly earnings of $2.15 per share, beating estimates, with revenue of $796.72 million.
Pictet Asset Management Holding SA increases QXO, Inc. holdings by 21.4%
Pictet Asset Management Holding SA raised its stake in QXO, Inc. by 21.4% during the fourth quarter, purchasing an additional 227,946 shares. The firm now holds 1,292,688 shares valued at $24.936 million, representing 0.19% of the company. Other institutional investors, including Intact Investment Management and Campbell & CO, also acquired new positions in the third quarter. Analyst ratings remain mixed, with an average target price of $32.53.
Pictet Asset Management increases stake in AMETEK by 7.3% in fourth quarter
Pictet Asset Management Holding SA increased its position in AMETEK, Inc. by 7.3% during the fourth quarter, acquiring an additional 8,131 shares to hold a total of 120,201 shares valued at $24.678 million. Other institutional investors, including Nordea Investment Management AB and Lazard Asset Management LLC, also significantly increased their holdings in the technology company during the recent reporting periods. AMETEK reported quarterly earnings of $1.97 per share, beating estimates, and raised its dividend to $0.34 per share.
Pictet Asset Management reduces Summit Therapeutics stake by 13.7%
Pictet Asset Management Holding SA decreased its holdings in Summit Therapeutics PLC by 13.7% during the fourth quarter, selling 220,388 shares. The firm now owns 1,383,775 shares valued at $24.38 million. Conversely, Vanguard Group Inc. increased its stake by 31.2% in the third quarter, while APEIRON CAPITAL Ltd, Bank of America Corp DE, TD Asset Management Inc, and Barclays PLC also raised their positions. Summit Therapeutics reported a loss of $0.29 per share in the latest quarter, missing analyst estimates. The company has a market capitalization of $16.65 billion.
Pictet Asset Management Holding SA increases holdings in Canadian Natural Resources Limited
Pictet Asset Management Holding SA increased its position in Canadian Natural Resources Limited by 3.1% in the fourth quarter, acquiring an additional 21,392 shares. The firm now holds 706,332 shares valued at $23,956,000. Other institutional investors also adjusted their stakes, while analysts maintain a moderate buy consensus with a price target of $57.00. The company reported quarterly earnings of $0.59 per share and increased its dividend to $0.625 per share.
Pictet Asset Management Holding SA increases stake in EOG Resources
Pictet Asset Management Holding SA increased its position in EOG Resources, Inc. by 6.0% in the fourth quarter, purchasing an additional 12,920 shares. The holding is now valued at $23.8 million. Other institutional investors, including JCIC Asset Management and Olistico Wealth, also acquired new stakes in the energy exploration company during the same period. Meanwhile, EOG insiders, including the COO and CFO, sold shares in March. The company reported earnings of $2.27 per share, beating estimates, and paid a quarterly dividend of $1.02 per share.
Pictet Asset Management Holding SA cuts position in American International Group Inc
Pictet Asset Management Holding SA reduced its holdings in American International Group Inc by 5.3% in the fourth quarter, selling 14,992 shares. The institutional investor now holds 268,053 shares valued at $22,932,000. Concurrently, other investors including Golden State Equity Partners, Teachers Retirement System of The State of Kentucky, Resonant Capital Advisors LLC, Concurrent Investment Advisors LLC, and Calamos Wealth Management LLC increased their stakes in the insurance provider during the same period.
Pictet Asset Management Holding SA raises stock holdings in Yum China
Pictet Asset Management Holding SA increased its holdings in Yum China by 8.5% during the fourth quarter, purchasing an additional 37,250 shares. The firm now owns 477,838 shares valued at approximately $22.6 million, representing 0.13% of the company. Other institutional investors, including Nordea and Massachusetts Financial Services, also adjusted their positions in the third and fourth quarters. Hedge funds and institutional investors collectively own 85.58% of Yum China's stock.
Pictet Asset Management reduces Omnicom Group stake by 6.8% in fourth quarter
Pictet Asset Management Holding SA reduced its holding in Omnicom Group Inc. by 6.8% during the fourth quarter, selling 20,553 shares. The fund now holds 282,668 shares valued at $22.8 million, representing 0.15% of the company. While Pictet decreased its position, other institutional investors such as Bayforest Capital Ltd, Cornerstone Planning Group LLC, Meeder Asset Management Inc., Westside Investment Management Inc., and Flagship Harbor Advisors LLC increased or initiated stakes in the stock during the same period. Omnicom Group reported quarterly earnings of $1.90 per share, beating estimates, with revenue of $6.24 billion.
Pictet Asset Management Holding SA boosts holdings in L3Harris Technologies Inc
Pictet Asset Management Holding SA increased its stake in L3Harris Technologies Inc by 5.1% during the fourth quarter, purchasing an additional 3,719 shares. The firm's total holding reached 76,415 shares, valued at $22,433,000. This move aligns with several other institutional investors who also increased their positions in the aerospace and defense company during the same period.
Pictet Asset Management Holding SA sells 21,200 shares of State Street Corporation
Pictet Asset Management Holding SA reduced its stake in State Street Corporation by 10.9% during the fourth quarter, selling 21,200 shares. The firm now holds 174,121 shares valued at $22,463,000, representing 0.06% of the company. Concurrently, other institutional investors including Brighton Jones LLC, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., NewEdge Advisors LLC, Empowered Funds LLC, and Woodline Partners LP increased their holdings in State Street during the first quarter.
Pictet Asset Management Holding SA decreases stake in Arcellx Inc
Pictet Asset Management Holding SA reduced its holdings in Arcellx Inc by 18.6% during the fourth quarter, selling 78,193 shares. The fund now owns 342,612 shares valued at $22,338,000, representing 0.59% of the company. Concurrently, several other investors, including MAI Capital Management and CWM LLC, increased or established new positions. Insider Rami Elghandour sold 89,916 shares worth over $10 million in February. Analysts have recently downgraded the stock, with a consensus rating of Hold and a target price of $111.87. Arcellx reported a loss per share of $1.01 for the quarter with revenue of $1.65 million.
Pictet Asset Management Holding SA sells 48,596 shares of Chipotle Mexican Grill Inc
Pictet Asset Management Holding SA reduced its holdings in Chipotle Mexican Grill Inc by 7.5% during the fourth quarter, selling 48,596 shares. The firm retained 599,610 shares valued at $22,186,000 following the transaction. This filing was submitted to the SEC. Other institutional investors also adjusted their positions in the restaurant operator's stock during the period.