Pictet Asset Management SA Buys 2.79M Shares of Tetra Tech
Ticker: TTEK · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 831641
| Field | Detail |
|---|---|
| Company | Tetra Tech Inc (TTEK) |
| Form Type | SC 13G |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, SC-13G
TL;DR
**Pictet Asset Management just bought a huge chunk of Tetra Tech, signaling a bullish institutional move.**
AI Summary
Pictet Asset Management SA, a Swiss investment firm, reported acquiring beneficial ownership of 2,789,702 shares of Tetra Tech Inc. common stock as of December 29, 2023. This represents a significant stake in the engineering services company. This matters to investors because a large institutional investor like Pictet Asset Management SA taking a substantial position can signal confidence in Tetra Tech's future prospects, potentially influencing other investors and the stock price positively.
Why It Matters
A major institutional investor, Pictet Asset Management SA, has taken a significant stake in Tetra Tech, signaling potential confidence in the company's value and future performance.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investment, which is generally seen as a positive signal and does not inherently increase risk for existing shareholders.
Analyst Insight
A smart investor would view this as a positive signal, potentially indicating institutional confidence in Tetra Tech's long-term value, and might consider further research into the company's fundamentals.
Key Numbers
- 2,789,702.00 — Shares Beneficially Owned (Represents the total number of Tetra Tech Inc. common shares Pictet Asset Management SA now beneficially owns.)
- 12/29/2023 — Date of Event (The specific date when Pictet Asset Management SA's ownership reached the threshold requiring this SC 13G filing.)
Key Players & Entities
- Pictet Asset Management SA (company) — the reporting person and beneficial owner of shares
- Tetra Tech Inc (company) — the issuer of the securities
- 2,789,702 (dollar_amount) — number of shares beneficially owned
- December 29, 2023 (person) — date of event requiring filing
- Switzerland (person) — place of organization for Pictet Asset Management SA
Forward-Looking Statements
- Tetra Tech Inc. stock may experience increased investor interest due to this institutional investment. (Tetra Tech Inc.) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Pictet Asset Management SA, as stated in item 1 of the filing's cover page and the 'FILED BY' section.
What is the CUSIP number for Tetra Tech Inc. common stock?
The CUSIP number for Tetra Tech Inc. common stock is 88162G103, as listed on the cover page of the filing.
How many shares of Tetra Tech Inc. does Pictet Asset Management SA beneficially own?
Pictet Asset Management SA beneficially owns 2,789,702.00 shares of Tetra Tech Inc., as reported in item 9 of the cover page.
What is the date of the event that triggered this SC 13G filing?
The date of the event which required the filing of this statement is December 29, 2023, as indicated on the cover page.
Where is Pictet Asset Management SA organized?
Pictet Asset Management SA is organized in Switzerland, as stated in item 4 of the cover page.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 by December 29, 2023 regarding TETRA TECH INC (TTEK).