Pictet Asset Management SA Discloses 4.5M Share Stake in Five9
Ticker: FIVN · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 1288847
| Field | Detail |
|---|---|
| Company | Five9, INC. (FIVN) |
| Form Type | SC 13G |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, shareholder-update
TL;DR
**Big Swiss fund Pictet just revealed a 4.5M share stake in Five9, signaling institutional confidence.**
AI Summary
Pictet Asset Management SA, a Swiss investment firm, reported on January 31, 2024, that it beneficially owns 4,514,733 shares of Five9, Inc. common stock as of December 29, 2023. This represents a significant stake, giving Pictet Asset Management SA sole voting and dispositive power over these shares. For investors, this indicates a major institutional investor has a substantial, active position in Five9, potentially signaling confidence in the company's future.
Why It Matters
This filing reveals a major institutional investor's significant stake in Five9, which can influence stock performance and investor sentiment.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of an institutional holding and does not inherently present new risks, but rather transparency.
Analyst Insight
Smart investors should note this significant institutional investment as a potential vote of confidence in Five9, Inc. and consider researching the company's fundamentals and recent performance to understand why a firm like Pictet Asset Management SA would take such a large position.
Key Numbers
- 4,514,733 — Shares Beneficially Owned (Represents Pictet Asset Management SA's total holding in Five9, Inc.)
- 12/29/2023 — Date of Event (The specific date that triggered the filing requirement for Pictet Asset Management SA's ownership.)
- 338307101 — CUSIP Number (Unique identifier for Five9, Inc. common stock.)
Key Players & Entities
- Pictet Asset Management SA (company) — the reporting person and beneficial owner of shares
- Five9, Inc. (company) — the issuer of the common stock
- Switzerland (person) — place of organization for Pictet Asset Management SA
- 4,514,733 (dollar_amount) — number of shares beneficially owned
Forward-Looking Statements
- Other institutional investors may increase their positions in Five9, Inc. following this disclosure, viewing Pictet's stake as a positive signal. (Five9, Inc.) — medium confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Pictet Asset Management SA, a company organized in Switzerland, as stated in item 1 and 4 of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is Five9 Inc, as identified in the 'Name of Issuer' section and the subject company data.
How many shares of Five9 Inc. common stock does Pictet Asset Management SA beneficially own?
Pictet Asset Management SA beneficially owns 4,514,733 shares of Five9 Inc. common stock, as detailed in item 5 and 7 of the filing.
What is the date of the event that required this filing?
The date of the event which required the filing of this statement is December 29, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
Does Pictet Asset Management SA have sole or shared voting and dispositive power over these shares?
Pictet Asset Management SA has sole voting power over 4,514,733 shares and sole dispositive power over 4,514,733 shares, with zero shared voting or dispositive power, according to items 5, 6, 7, and 8 of the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 by Switzerland regarding Five9, Inc. (FIVN).